Equities

Reuters exclusively reports Aviva's Asian units attract interest from global suitors

Reuters exclusively reports Aviva's Asian units attract interest from global suitors

Reuters reported exclusively that German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to buy the Singapore and Vietnam businesses of Britain’s Aviva in a deal likely to be worth up to $2.5 billion. Canada’s Sun Life Financial and Manulife Financial Corp are also among roughly half a dozen suitors for the businesses. The combined deal value for the businesses is estimated to be between $2 billion and $2.5 billion, Reuters sources said, adding that talks were at an early stage and terms could change.