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Aviva offloads stake in Lighthouse

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Aviva has sold its entire stake in Lighthouse Group, London Stock Exchange filings show.

Aviva held an 8 per cent share in the AIM-listed advice firm.

The original stake was held by Friends Provident, later Friends Life, which was acquired by Aviva in April 2015.

An Aviva spokesman says: “Part of the stake was originally held by the old Friends Provident business but there was also a small amount that Aviva held as well. The 8 per cent was held across both bits of what is now Aviva.”

A second stock exchange note explains the Helium Rising Stars Fund today increased its holding in Lighthouse to 17.9 per cent. The fund is owned by Zurich-based Investment Solutions Partners which is domiciled in the Cayman Islands.

The news comes in the same week Lighthouse released its interim results, reporting a 131 per cent increase in pre-tax interim profits from £470,000 to £829,000.

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