LONDON (Reuters) -Aviva is quitting its Singlife joint venture, selling its 25.9% stake in Singapore Life Holdings and two debt instruments to Sumitomo Life for a combined 800 million pounds ($997 million), the British insurer said on Wednesday. The transaction is expected to be completed in the fourth quarter of 2023, Aviva said. Aviva Chief Executive Amanda Blanc said the transaction further simplifies the business and puts the company in a very strong position to build on its trading momentum in the UK, Ireland and Canada.
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