News Headline Summary

Aviva (AV/ LN) reaches a settlement with Bankia (BKIA SM) on their Spanish joint venture Aseval

Says:
- Pact will up economic capital surplus by around GBP 0.5bln.
- Aviva are to transfer their entire holding in the JV to Bankia.

Reaction details:

- AV/ LN shares unmoved in the immediate reaction; trades GBP 3.75 (+1.4%) last.
- BKIA SM shares unmoved in the immediate reaction; trades EUR 0.69 (+0.15%) last.

Print 15:45, 18 Dec 2012 - European Equities - Source: Newswires