Aviva and CIMB sell joint venture in Malaysia

A bid for Aviva's five year-old joint venture with Malaysian bank CIMB has been accepted.

Canada's Sun Life Financial and Malaysian government investor Khazanah are to buy CIMB Aviva.

The price is expected to be 1.7bn ringgit ($563m) for the life insurer and Takaful provider.

Sun Life will

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