News Life and Health14 Sep 2023

Singapore:Aviva sells 25.9% stake in Singlife to Sumitomo Life

| 14 Sep 2023

Aviva plc has agreed to sell its 25.9% stake in Singapore Life Holdings, together with two debt instruments, to Sumitomo Life Insurance Company for a total consideration of GBP0.8bn ($0.999bn) payable in cash at closing. Sumitomo Life will pay a consideration of GBP0.5bn for Aviva's equity stake and GBP0.3bn for the two debt instruments.

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