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

AVIVA (AV.)
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Aviva : Takes Full Control of Vietnam Life Insurance Venture

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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

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Financials ( GBP)
Sales 2018 35 431 M
EBIT 2018 2 877 M
Net income 2018 1 917 M
Debt 2018 -
Yield 2018 5,70%
P/E ratio 2018 10,17
P/E ratio 2019 9,12
Capi. / Sales 2018 0,60x
Capi. / Sales 2019 0,60x
Capitalization 21 195 M
Chart AVIVA
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Aviva Technical Analysis Chart | AV. | GB0002162385 | 4-Traders
Technical analysis trends AVIVA
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 5,77  GBP
Spread / Average Target 9,4%
EPS Revisions
Managers
NameTitle
Mark Andrew Wilson Group CEO & Non-Executive Director
Adrian Alastair Montague Chairman
Nitinbhai Babubhai Maganbhai Amin Chief Operations & Transformation Officer
Thomas Dawson Stoddard Chief Financial Officer & Executive Director
Michael John Hawker Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
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METLIFE-6.07%49 230
PRUDENTIAL FINANCIAL-6.82%45 154
MANULIFE FINANCIAL CORP.-8.51%37 304