Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Aviva    AV.   GB0002162385


News SummaryMost relevantAll newsSector newsTweets 

Aviva : Takes Full Control of Vietnam Life Insurance Venture

share with twitter share with LinkedIn share with facebook
share via e-mail
04/21/2017 | 10:38am CEST

By Razak Musah Baba

LONDON--U.K. Insurer Aviva PLC (AV.LN) has taken full control of its Vietnam life insurance joint venture, by acquiring VietinBank's 50% stake in VietinBank Aviva Life Insurance Ltd., for an undisclosed sum.

Aviva said Friday it has also signed a new distribution agreement with VietinBank to sell life and health insurance products through VietinBank's network.

Aviva Vietnam was founded in 2011. Aviva said taking full ownership of the joint venture will help it focus on growing the business across all key distribution channels and will also simplify Aviva's operating structure in the region.

The transaction is subject to customary closing conditions including regulatory approvals, it said.

At 0810 GMT, Aviva shares were up 1 pence, or 0.3%, at 508 pence, valuing the company at 20.67 billion pounds ($26.44 billion).

-Write to Razak Musah Baba at [email protected]; Twitter: @Raztweet

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on AVIVA
06/15 Personal injury rate change to cost British motor insurers 3.5 billion pounds..
06/06 Impact on insurers from Britain's vote to leave the EU
05/26 Legal & General, Aviva plan Ireland moves post-Brexit
05/26 AVIVA : Canada Pension Plan Investment Board Raises Position in Liberty Broadban..
05/25 AVIVA : Changes to interests of a significant shareholder
05/25 AVIVA : to commence share buy-back
05/25 AVIVA : to Commence Share Buy-back*
05/24 AVIVA : Form 8.3 - Tesco
05/24 AVIVA : Form 8.3 - Booker Group
05/24 AVIVA : Dividend Declaration - 8 7/8% Preference Dividend
More news
Sector news : Life & Health Insurance - NEC
06/22 ABERDEEN ASSET MANAGEMENT : UK competition watchdog clears Standard Life-Aberdee..
06/16 Supermarket stocks go stale on FTSE after tumultuous week
06/16 NOT YET AMAZON PRIME TIME : Australia retail sell-off overblown?
06/15DJMETLIFE : Promotes Two Senior Executives as Future CEO Succession Race Takes Sha..
06/14 Shareholder adviser says Petropavlovsk's Peter Hambro should go
More sector news : Life & Health Insurance - NEC
News from SeekingAlpha
2016 Hunting For Dividend Shares In Uncertain Times
2016 Buy Aviva For Its 5% Yield
2016 AUGUST BUYS : The 19 Stocks Added To My Fund
2016 Aviva plc 2016 Q2 - Results - Earnings Call Slides
2016 Aviva plc declares £0.0742 dividend
Financials ( GBP)
Sales 2017 26 636 M
EBIT 2017 2 940 M
Net income 2017 1 728 M
Debt 2017 -
Yield 2017 4,96%
P/E ratio 2017 13,22
P/E ratio 2018 11,83
Capi. / Sales 2017 0,80x
Capi. / Sales 2018 0,77x
Capitalization 21 389 M
More Financials
Duration : Period :
Aviva Technical Analysis Chart | AV. | GB0002162385 | 4-Traders
Full-screen chart
Technical analysis trends AVIVA
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 5,44  GBP
Spread / Average Target 3,0%
Consensus details
EPS Revisions
More Estimates Revisions
Mark Andrew Wilson Group Chief Executive Officer & Executive Director
Adrian Alastair Montague Chairman
Nitinbhai Babubhai Maganbhai Amin Chief Operations & Transformation Officer
Thomas Dawson Stoddard Chief Financial Officer & Executive Director
Monique Shivanandan Chief Information Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AVIVA8.66%27 196
AXA-0.27%64 935
PRUDENTIAL10.41%59 084
METLIFE-3.02%56 228
More Results