Aug 8 (Reuters) - Latitude Group Holdings Ltd (LFS) :
- ANNOUNCES AGREEMENT TO SELL HALLMARK INSURANCE BUSINESS
- ENTERED INTO AGREEMENT TO SELL LATITUDE INSURANCE HOLDINGS TO ST ANDREW'S INSURANCE GROUP FOR A$20.3 MILLION
- SALE WILL ALLOW LATITUDE TO RELEASE A$90 MILLION OF CAPITAL INTO ITS CORE BUSINESS
- EXPECTED TO RECORD A POST-TAX LOSS OF APPROXIMATELY A$30 MILLION ON SALE
- COMPLETION OF TRANSACTION EXPECTED TO OCCUR BETWEEN LATE Q4 2022 AND Q1 2023
Aug 8 (Reuters) - Latitude Group Holdings Ltd (LFS) : ANNOUNCES...
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