Aviva may sell Asian businesses to protect from losses
Thursday, May 24, 2012 1:32 PM
Aviva plc may be getting ready to sell off businesses in South Korea and Sri Lanka, according to Reuters, in a move to help protect the company from any fallout from a eurozone financial crisis.
Aviva has more of an investment in Europe than its competitors, which could mean bigger losses if the euro continues to fall.
The insurer has invested about $66 million in the two countries and could make $150 million of the sale, according to Reuters.