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NDB selling 51% of CTCE to AIA US$ 150mn = LKR 19.8 billion
Aviva NDB share is worth each Rs 660.
The planned sale of British insurer Aviva’s stake in Sri Lanka’s NDB –Aviva Insurance is likely to be announced soon with Hong Kong based insurance giant American International Assurance (AIA) reaching the final stages of negotiations for the purchase of 51% stake held by Aviva.This is as part of Aviva, Britain’s second largest insurer’s announcement earlier to sell underperforming businesses globally partly to raise money to protect against its euro zone exposure which is bigger than that of its rivals, Reuters news wire reported earlier.
Aviva NDB share is worth each Rs 660.
The planned sale of British insurer Aviva’s stake in Sri Lanka’s NDB –Aviva Insurance is likely to be announced soon with Hong Kong based insurance giant American International Assurance (AIA) reaching the final stages of negotiations for the purchase of 51% stake held by Aviva.This is as part of Aviva, Britain’s second largest insurer’s announcement earlier to sell underperforming businesses globally partly to raise money to protect against its euro zone exposure which is bigger than that of its rivals, Reuters news wire reported earlier.
