- Insurance company Aviva said it had agreed to sell its entire 40% shareholding in its joint venture in Turkey, AvivaSA Emeklilik ve Hayat AS, to Ageas Insurance International for £122 million.

Aviva's joint venture partner, Sabancı Holding, would retain its 40% shareholding.

The transaction was expected to increase Aviva's IFRS net asset value and solvency II surplus by about £0.1 billion.

Story provided by