Allianz, Nippon in race to acquire Aviva's Asia units for up to $2.5b

Allianz, Nippon in race to acquire Aviva's Asia units for up to $2.5b

Photo: Reuters

German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to buy the Singapore and Vietnam businesses of Britain’s Aviva, in a deal likely to be worth up to $2.5 billion, sources said.

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