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The Royal Exchange in London. Photo credit: <a href = “http://www.freedigitalphotos.net/images/view_photog.php?photogid=112”>Matt Banks</a>

In its just released Q3 management statement, Aviva PLC said it is close to selling its U.S. life and annuity business. However, the company also stated the sale will most likely come at a “substantial discount” to book value.

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