Aviva shares fall 3% as MetLife buys overseas arms

The insurance giant will sell Aviva Czech Life, Aviva Hungary Life and Aviva Romania Life & Pensions to MetLife. After the announcement the share price fell by 11.10p to 345.00p by 1.30pm. The sale of the businesses, worth around £47.6m collectively, is expected to be completed this year subject to regulatory approval. Aviva chief executive Andrew Moss said: "This transaction is another step to further focus the group on our priority markets." The announcement follows a series of sales from Aviva. The insurer reduced its holding in Dutch insurer Delta Lloyd to 43% in April 20...