21st Jan 2008 07:00
Aviva PLC21 January 2008 News release 21 January 2008 DELTA LLOYD AGREES TO BUY SWISS LIFE BELGIUM Aviva plc ("Aviva") announces that its Dutch business, Delta Lloyd Group ("DeltaLloyd") has signed a memorandum of understanding with SNS REAAL for the sale ofSwiss Life Belgium to Delta Lloyd for €135 million in cash. By combining Swiss Life Belgium with its Belgian insurance operation, DeltaLloyd would achieve a top five position in the Belgian group life insurancemarket. The transaction between SNS REAAL and Delta Lloyd is conditional upon completionof SNS REAAL's acquisition of the Dutch and Belgian activities of Swiss LifeHolding, which was announced on 19 November 2007. The completion of DeltaLloyd's acquisition of Swiss Life Belgium would be subject to approval from therelevant regulators and works council, and is expected to take place in thesecond quarter of 2008. - ends - Enquiries: Media Sue Winston, head of group media relations, Aviva plc +44 (0)20 7662 8221David Brilleslijper, director corporate communications, Delta Lloyd +31 (0) 20 594 44 88 Analysts Charles Barrows, investor relations director, Aviva plc +44 (0)20 7662 8115Susie Yeoh, investor relations manager, Aviva plc +44 (0)20 7662 2117 Notes to editors: • Aviva is the leading provider of life and pensions to Europe withsubstantial positions in other markets around the world, making it the world'sfifth largest insurance group based on gross worldwide premiums at 31 December2006. • Aviva's principal business activities are long-term savings, fundmanagement and general insurance, with worldwide total sales of £41.5 billionand assets under management of £364 billion at 31 December 2006. • The Aviva media centre at www.aviva.com/media includes images, companyand product information and a news release archive. • Aviva's Dutch business, Delta Lloyd has operations in the Netherlands,Germany and Belgium. In 2006 the group achieved total income of more than €8billion with approximately 7,000 employees. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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