July 11, 2018 / 8:41 AM / 12 days ago

Insurer Aviva exits Spain with completion of stake sales

(Reuters) - Britain’s insurer Aviva Plc (AV.L) on Wednesday said it had exited Spain with the completion of the sale of its stakes in joint ventures Cajamurcia Vida and Caja Granada Vida to Spanish state-owned lender Bankia SA (BKIA.MC) for 203 million euros (179.34 million pounds).

Pedestrians walk past an Aviva logo outside the company's head office in the city of London, Britain, March 5, 2009. REUTERS/Stephen Hird/File Photo

The company also said it agreed to sell its 50 percent stake in Spanish life insurance company Pelayo Vida to insurer Santalucía.

Aviva said in February it would sell its stakes in Cajamurcia Vida and Caja Granada Vida.

Reporting by Muvija M in Bengaluru; editing by Jason Neely

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