Aviva gets 1bn from Delta Lloyd IPO

graeme at 10:01 a.m. Tue 03 Nov 2009

Aviva has raised just over a billion pounds from the sale of part of its holding in Delta LLoyd as part of the latter’s IPO.

Delta Lloyd shares have fallen slightly today, their first day of trading. This is likely to encourage investors to be cautious about IPOs: there have been few IPOs this year, and it is unlike that there will be a surge any time soon.

Aviva retains a 57% stake and control of Delta Lloyd.

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