SUN suncorp group limited

News: SUN Suncorp Announces Sale Of New Zealand Life Business

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    April 4 (Reuters) - Suncorp Group Ltd (SUN) :

    • SUNCORP GROUP ANNOUNCES SALE OF ITS NEW ZEALAND LIFE BUSINESS
    • SALE OF ASTERON LIFE FOR NZ$410 MILLION
    • SIGNED A SHARE SALE AND PURCHASE AGREEMENT WITH RESOLUTION LIFE NOHC
    • TRANSACTION IS SUBJECT TO NEW ZEALAND REGULATORY APPROVALS AND NOTIFICATIONS INCLUDING RESERVE BANK OF NEW ZEALAND, OTHERS
    • TRANSACTION EXPECTED TO COMPLETE WITHIN NINE MONTHS
    • CO'S NEW ZEALAND GENERAL INSURANCE BUSINESS REMAINS UNCHANGED AND PART OF SUNCORP GROUP

    (([email protected];))

 
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