SUN suncorp group limited

News: SUN Australia's Suncorp to sell vehicle repair unit to AMA Group for $283 mln

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    Oct 1 (Reuters) - Australian insurer Suncorp Ltd (SUN) said on Tuesday it has agreed sell its vehicle repair business to smash repairer AMA Group Ltd (AMA) for A$420 million ($283.50 million).

    Suncorp also agreed to sell its auto parts supplier ACM Parts to AMA for A$20 million, it said in the statement.

    ($1 = 1.4815 Australian dollars)

 
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