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Aviva offloads French life insurance holding

euros100

UK-headquartered insurer Aviva has sold its entire 50% shareholding in Paris-headquartered life insurance joint venture Antarius.

The stake, which Aviva has held since 2004, has been sold to Sogecap, a subsidiary of Société Générale, for a consideration of approximately £425m (€500m) in cash. All regulatory approvals have been

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