Sale 'part of plan to transform UK general insurance business'
Aviva is to sell RAC Auto Windscreens to Arques Industries.
The gross assets of the business, a supplier of auto glass repair and replace services, totalled £40 million as at 30 September 2008.
Aviva acquired RAC Auto Windscreens - which operates a network of around 100 fitting centres and 700 mobile units - as part of the purchase of RAC in 2005. The business services a wide-range of clients including market leading insurers, insurance brokers and fleets.
Aviva's UK general insurance chief executive, Igal Mayer, said: "This sale is part of our on-going programme to transform our UK general insurance business through an increased focus on our core insurance and vehicle breakdown activities, allowing us to provide a first-rate service to our customers. I'm delighted that we'll continue to have a working relationship with RAC Auto Windscreens in the future through a long-term contract to supply glass to Aviva's UK general insurance business."
The deal is expected to complete by the end of the year.
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