Insurance Post

Aviva settles with Bankia for €608m

bankia

Aviva has reached a settlement with Bankia regarding their Spanish joint venture, Aseval. The agreement marks the end of legal proceedings between the two firms.

Aviva will transfer its entire holding of Aseval for €608m (£494m) in cash, subject to regulatory approval. The transfer will take place no later than 30 April 2013.

Aviva's remaining operations in

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