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Life insurer Aviva may post a loss of $500 Million

  • by The Quotesonline Team

Britain’s Aviva PLC may have to take a 500 Million dollar loss on the sale of its Australian Life Insurance operations according to analysts, NAB through its MLC Life Insurance operations or Life Insurer AMP appear to be the front runners in potential buyers.

Analysts believe that on a 10 times earning model Aviva Australia would sell for around $600 Million which would give Aviva PLC a book loss of around $460 Million

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