Disposal of business units could result in Aviva share re-rate
Aviva's decision to cut its losses and leave 16 underperforming business segments could result in a share re-rate, analysts have predicted.
According to sister title Post, analysts also warned that leaving the underperforming segments could prove "challenging" amid the current market climate.
Yesterday, new chairman John McFarlane confirmed the decision to exit the non-core segments which are set to produce returns below the group's required capital.
These include South Korea, UK large-scale bulk purchase annuities and small Italian partnerships.
And speaking to Post, Investec analyst Kevin Ryan said the decision is likely be a
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