Aviva pulls out of Indonesian joint venture
British insurer Aviva AV.L said on Friday it would pull out completely from Indonesia by selling its entire stake in joint venture PT Astra Aviva Life to its partner in the operation.
“The transaction is expected to complete in Q4 2020 and is subject to certain closing conditions,” Aviva said in a statement.
Aviva declined to say how much the sale will raise.
Read more...