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BRIEF-Aviva Sells Remaining Spanish Businesses For 202…

Feb 23 (Reuters) – Aviva Plc:

* AVIVA SELLS ITS REMAINING SPANISH BUSINESSES

* AVIVA SELLS ITS REMAINING SPANISH BUSINESSES

* DEAL FOR A TOTAL CONSIDERATION OF EUR 202 MILLION

* CONSIDERATION REPRESENTS 2.1 TIMES AVIVA’S SHARE OF IFRS NET ASSET VALUE AND 22.5 TIMES AVIVA’S SHARE OF EARNINGS AFTER TAX OF THESE BUSINESSES

* TRANSACTION WILL RESULT IN AN INCREASE OF APPROXIMATELY £150 MILLION IN AVIVA’S SOLVENCY II CAPITAL SURPLUS

* TRANSACTION WILL RESULT IN AN INCREASE OF APPROXIMATELY £150 MILLION IN AVIVA’S SOLVENCY II CAPITAL SURPLUS

* SALE OF ITS ENTIRE SHAREHOLDING IN LIFE INSURANCE AND PENSIONS JOINT VENTURES CAJAMURCIA VIDA AND CAJA GRANADA VIDA TO BANKIA

* AVIVA WILL RETAIN A STAKE IN A SMALL LIFE INSURANCE OPERATION, PELAYO VIDA, AND A RESIDUAL SUPPORT CENTRE IN SPAIN Source text for Eikon: Further company coverage:

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