AIA reportedly in talks with Aviva for Sri Lanka insurance arm
Hong Kong-based insurance giant AIA has reached the final stages of negotiations for Aviva’s stake in Sri Lankan insurer NDB-Aviva Insurance, according to reports in the Sri Lankan business press.
The sale of Aviva's 51% stake is likely to be announced soon, according to Sri Lankan daily The Nation.
The UK insurer pledged last month to exit underperforming businesses globally, in part to raise
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