Aviva sells off its Delta stake

City A.M. Reporter
AVIVA is to sell its remaining stake in Dutch company Delta Lloyd, a disposal that forms part of a shake-up to turn around a flagging share price at Britain’s second biggest insurer.

Aviva plans to sell all its 34.3m shares in Delta Lloyd, an amount equivalent to around 19.4 per cent of the Dutch insurer’s capital.

The pricing of the shares was announced at €12.65 each last night, which would value the stake at around €434m (£353m), the company said.