Aviva PLC (LSE:AV.) said it completed the sale of Aviva Italia, its Italian general insurance business, to Allianz for £284mln.
The sale was first announced in March, when Aviva said it was exiting Italy and selling its remaining Italian life and general insurance businesses for €873mln in cash.
The life insurance business sold to CNP Assurances for €543mln.
The disposals are part of Aviva’s strategy to focus on its strongest businesses.