AIA wins race to buy Aviva's Sri Lanka insurance arm
British insurer Aviva has accepted a bid from AIA group subsidiary, American International Assurance Company, for its 58.44% interest in Aviva NDB Holdings Lanka for £31m.
Aviva NDB is a joint venture between Aviva Asia Holdings and Sri Lanka's leading financial group NDB Bank.
John McFarlane, chairman of Aviva said: "The sale of our stake in Aviva NDB is an example of
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