SocGen buys Aviva's stake in insurer Antarius 1 for 425 million pounds
LONDON (Reuters) - British insurer Aviva (AV.L) on Thursday announced the sale of a 50 percent stake in its life insurance joint venture Antarius 1 to a unit of French bank Societe Generale (SOGN.PA) for about 425 million pounds.
Antarius is currently owned jointly by Aviva and a separate subsidiary of Societe Generale.
"This is a good deal at an attractive valuation and the sale realises a strong return for our shareholders," said Aviva Chief Executive Officer Mark Wilson.
(Reporting By Andrew MacAskill; Editing by Rachel Armstrong)