Rumour has it..It has to do with the sale of the Life Insurance Business...
Oct 27, 20159:06 AM
[TOKYO] Japan's Nippon Life Insurance Company has agreed to buy 80 per cent of National Australia Bank's life insurance unit for about 200 billion yen (US$1.65 billion), a source with direct knowledge of the matter told Reuters.
Earlier in the day, NAB, Australia's No1 lender by assets, placed its shares on a trading halt ahead of an announcement of a "material transaction".
An announcement on the sale of NAB's insurance unit is expected on Wednesday when the lender announces full-year earnings, the source, who could not be identified, added.
REUTERS
Rumour has it..It has to do with the sale of the Life Insurance...
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Last
$43.79 |
Change
0.250(0.57%) |
Mkt cap ! $134.1B | |||
| Open | High | Low | Value | Volume |
| $43.39 | $44.00 | $43.28 | $126.2M | 2.883M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9679 | $43.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.95 | 275 | 1 |
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| Last trade - 16.12pm 15/09/2025 (20 minute delay) ? |
| NAB (ASX) Chart |