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 (07:47)

- 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.

18 Dec 2012 - 07:45 - Equities - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: