Aviva to Sell U.S. Life Unit at “Substantial Discount,” CFO Says

The sale would be at a “substantial discount” to the unit’s book value of $3.8 billion at the end of June.

INN Breaking News, November 8, 2012

Kevin Crowley

(Bloomberg) -- Aviva Plc, the U.K.’s second-biggest insurer by market value, said it’s in talks to sell its U.S. life unit in what would be the biggest disposal since Chairman John McFarlane took charge in May.

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