Reuters exclusively reports Aviva’s Asian units attract interest from global suitors

Reuters reported exclusively that 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. Canada’s Sun Life Financial and Manulife Financial Corp are also among roughly half a dozen suitors for the businesses. The combined deal value for the businesses is estimated to be between $2 billion and $2.5 billion, Reuters sources said, adding that talks were at an early stage and terms could change.