REG - Aviva PLC - Aviva announces exit from Indonesia

Jardine Matheson HoldingsAnnouncement

06/03/2020 07:00

RNS Number : 2130F
  
Aviva PLC
  
06 March 2020
  
 

 
6 March 2020
 
Aviva announces exit from Indonesia ("Aviva Indonesia")
 
Aviva plc ("Aviva") today announces that it has agreed to exit Indonesia by selling its entire shareholding in its joint venture in Indonesia, PT Astra Aviva Life, to Aviva's joint venture partner, PT Astra International Tbk.
 
The transaction is expected to complete in Q4 2020 and is subject to certain closing conditions, including regulatory approval in Indonesia and the completion of Bangkok Bank Public Company Limited's ("Bangkok Bank") acquisition of PT Bank Permata Tbk ("Permata Bank"), Aviva Indonesia's bancassurance partner. The shareholders of Bangkok Bank approved the acquisition of Permata Bank on 5 March 2020.
 
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Enquiries:
 
Media:
 
Sarah Swailes                                                                                                    +44 (0)20 7662 6700
 
 
Analysts:
 
Chris Esson                                                                                                        +44 (0)20 7662 8115
Diane Michelberger                                                                                           +44 (0)20 7662 0911
 
 
Notes to editors:
·    Aviva is a leading international savings, retirement and insurance business. We exist to be with people when it really matters, throughout their lives - to help them make the most of life. We have been taking care of people for more than 320 years, in line with our purpose of being 'with you today, for a better tomorrow'.
·    Our vision is to earn our customers' trust as the best place to save for the future, navigate retirement and insure what matters most to them. In 2019, we paid £33.2 billion in claims and benefits on behalf of our 33.4 million customers.
·    We operate through five business divisions: Investments, Savings & Retirement; UK Life; General Insurance; Europe Life; and Asia Life; and focus on three strategic priorities: deliver great customer outcomes, excel at the fundamentals and invest in sustainable growth.
·    Total group assets under management at Aviva group are £510 billion and our Solvency II capital surplus is £12.6 billion (FY19). Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.
·    For more details on what we do, our business and how we help our customers, visit www.aviva.com/about-us 
·    The Aviva newsroom at www.aviva.com/newsroom includes links to our image library, research reports and our news release archive. Sign up to get the latest news from Aviva by email.
·    You can follow us on Twitter: www.twitter.com/avivaplc/  
·    You can follow us on LinkedIn: www.linkedin.com/company/aviva-plc 
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·      We have a Globelynx system for broadcast interviews. Please contact the Press Officer noted above if you would like to make a booking.  


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