Slaughter and May is advising Aviva plc on its exit from Vietnam by selling its entire shareholding in its wholly-owned life insurance business in Vietnam, Aviva Vietnam Life Insurance Company Limited, to Manulife Financial Asia Limited for an all cash consideration.
The transaction is subject to certain closing conditions, including regulatory approval, and is expected to complete in the second half of 2021.
Slaughter and May has also advised Aviva during 2020 on the agreed disposals of its interests in Hong Kong and Indonesia, and on the sale of its majority shareholding in Aviva Singapore to a consortium led by Singapore Life as a result of which Aviva will have a 25% shareholding in the new combined Aviva Singlife group.
Richard Smith Partner
Usman Sawar Associate
William Watson Senior Consultant
Tomas McGrath Associate
Ian Ranson Associate