Aviva sells Turkish general insurance business
Aviva has sold its Turkish general insurance business, Aviva Sigorta AŞ, to a private equity consortium led by EMF Capital Partners.
This agreement is part of Aviva’s strategy to narrow the group's focus on businesses where it has a leadership position and can generate attractive returns.
Aviva’s life and pensions business in Turkey, AvivaSA, is unaffected by this transaction.
The sale is subject to relevant regulatory approval and is expected to complete in the first half of 2014.
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