Delta Lloyd News
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Investors seeking mortgage bonds outside recession-plagued Europe are heading to Australia, the world’s fastest-growing major developed economy, boosting issuance to the highest in almost two years.
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Delta Lloyd NV, the biggest Dutch provider of group life insurance, will stop managing private- equity investments as stricter regulatory capital demands attached to the holdings outweigh their returns.
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Aviva Plc, the U.K.’s second-biggest insurance company by market value, sold its 19.4 percent stake in Dutch insurer Delta Lloyd NV for 433.8 million euros ($568 million) as it retreats from less profitable markets.
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Delta Lloyd NV, the Dutch insurer which sells life insurance in Belgium, the Netherlands and Luxembourg, rose the most in more than a year after Aviva Plc sold its 19.4 percent stake in the company for 433.8 million euros ($568 million).
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Delta Lloyd NV , Aviva Plc’s publicly traded Dutch insurance unit, predicted an increase of at least 3 percent in its profit and dividend in the next two years.
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Aviva Plc , Britain’s second-biggest insurer by market value, plans to sell a 15 percent stake in Delta Lloyd NV as its cedes majority control of the Dutch insurer it took public in 2009.
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Delta Lloyd NV, the Dutch insurer spun off from Aviva Plc, said a planned sale of its German activities to Nomura Holdings Inc. is uncertain because market conditions pushed the price below an agreed minimum.
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U.K. stocks rose to their highest level since May 2008 as Vodafone Group Plc climbed and Alcoa Inc. kicked off the U.S. earnings season by posting sales that beat estimates.
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European stocks fell the most in four weeks as Tokyo Electric Power Co. said its earthquake-hit nuclear power plant may release more radiation than Chernobyl and Alcoa Inc. posted sales that missed analysts’ estimates.
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European stocks rose to the highest in more than 22 months as Alcoa Inc. began the U.S. earnings season with sales that beat projections.
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