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Aviva announces exit from Indonesia (“Aviva Indonesia”)

Aviva plc (“Aviva”) today announces that it has agreed to exit Indonesia by selling its entire shareholding in its joint venture in Indonesia, PT Astra Aviva Life, to Aviva’s joint venture partner, PT Astra International Tbk.

The transaction is expected to complete in Q4 2020 and is subject to certain closing conditions, including regulatory approval in Indonesia and the completion of Bangkok Bank Public Company Limited’s (“Bangkok Bank”) acquisition of PT Bank Permata Tbk (“Permata Bank”), Aviva Indonesia’s bancassurance partner. The shareholders of Bangkok Bank approved the acquisition of Permata Bank on 5 March 2020.

-ENDS-

Enquiries:

Media:

Sarah Swailes                                                                                                                
+44 (0)20 7662 6700

Analysts:

Chris Esson                                                                                                                      
+44 (0)20 7662 8115

Diane Michelberger                                                                                                    
+44 (0)20 7662 0911

Notes to editors:

  • Aviva is a leading international savings, retirement and insurance business. We exist to be with people when it really matters, throughout their lives – to help them make the most of life. We have been taking care of people for more than 320 years, in line with our purpose of being ‘with you today, for a better tomorrow’.
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