Aviva plc (“Aviva”) announces that its Dutch subsidiary, Delta Lloyd Group (“Delta Lloyd”) has sold for a cash consideration its 79.65 per cent holding in ENNIA Caribe Holding N.V. (“ENNIA”), a Dutch Antilles and Aruba based insurer, to Banco di Caribe N.V. in Curaçao.
Aviva plc (“Aviva”) announces that its Dutch subsidiary, Delta Lloyd Group (“Delta Lloyd”) has sold for a cash consideration its 79.65 per cent holding in ENNIA Caribe Holding N.V. (“ENNIA”), a Dutch Antilles and Aruba based insurer, to Banco di Caribe N.V. in Curaçao. The current total net asset value of ENNIA is €19 million with gross assets of €359 million. The sale of its stake in ENNIA will have no material impact on the financial position of Delta Lloyd.
The sale is in line with Delta Lloyd’s strategy of focusing on the Dutch, Belgium and German markets.
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Enquiries:
Media
Hayley Stimpson, director of external affairs +44 (0)20 7662 7544
Rob Bailhache, Financial Dynamics +44 (0)20 7269 7200
Analysts
Charles Barrows, investor relations director +44 (0)20 7662 8115
Nicole Marques, investor relations manager +44 (0)20 7662 8302
Notes to editors:
- Aviva is the world’s sixth-largest insurance group based on gross world-wide premiums and market capitalisation (at 31 December 2004); it is one of the leading providers of life and pensions in Europe and has substantial businesses in other markets around the world.
- Aviva’s main activities are long-term savings, fund management and general insurance, with world-wide total income of Ł40 billion and assets under management of Ł280 billion at 31 December 2004
- Delta Lloyd offers insurance, pension, bank and investment products and services under the established brands of Delta Lloyd, OHRA and ABN AMRO Insurance. Delta Lloyd Group realised a total income of €8 billion, with gross premium income of €5.6 billion and €302 million net result in 2004.