SUN suncorp group limited

News: SUN Suncorp Enters Agreement To Sell 50% JV Interest In Ract Insurance Pty Ltd

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    July 2 (Reuters) - Suncorp Group Ltd (SUN) :

    • ENTERED BINDING AGREEMENT TO SELL 50% JV INTEREST IN RACT INSURANCE PTY LTD TO PARTNER ROYAL AUTOMOBILE CLUB OF TASMANIA LTD
    • SALE CONSIDERATION OF $83.75 MILLION
    • PRE-TAX PROFIT ON SALE IS EXPECTED TO BE IN RANGE OF $65 TO $70 MILLION
    • COMPLETION EXPECTED LATE IN 2021 CALENDAR YEAR
    • COMPLETED ALL ANALYSIS AS PART OF REVIEW INTO PAY AND LEAVE ENTITLEMENTS IN AUSTRALIA
    • REMEDIATION PAYMENTS TO CURRENT & EX-EMPLOYEES IDENTIFIED BY REVIEW WILL START FROM JULY, EXPECTED TO TAKE NUMBER OF MONTHS
 
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Last
$21.18
Change
0.130(0.62%)
Mkt cap ! $22.93B
Open High Low Value Volume
$21.28 $21.43 $21.15 $24.02M 1.130M

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No. Vol. Price($)
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Sellers (Offers)

Price($) Vol. No.
$21.20 1000 1
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