Aug 9 (Reuters) - Westpac Banking Corp (WBC) :
- WESTPAC SELLS AUSTRALIAN LIFE INSURANCE BUSINESS TO TAL-WBC.AX
- DEAL FOR SALE PRICE OF A$900M
- TRANSACTION SEES WESTPAC EXIT MANUFACTURING LIFE INSURANCE PRODUCTS AND RELEASES SIGNIFICANT CAPITAL BACK TO BANK
- TOTAL ACCOUNTING LOSS ON SALE IS APPROXIMATELY A$1.3 BILLION POST-TAX
- TRANSACTION WILL ADD APPROXIMATELY 12 BPS TO WESTPAC'S LEVEL 2 COMMON EQUITY TIER 1 CAPITAL RATIO
- TOTAL ACCOUNTING LOSS ON SALE IS ABOUT A$1.3 BILLION POST-TAX
- ENTER AN EXCLUSIVE 20-YEAR STRATEGIC ALLIANCE WITH TAL DAI-ICHI LIFE AUSTRALIA
- COMPLETION OF TRANSACTION EXPECTED TO OCCUR IN SECOND HALF OF 2022
- POST-TAX LOSS OF A$0.3 BILLION, EXPECTED TO BE REALISED IN GROUP'S FY21 RESULTS
News: WBC Westpac Banking Corp Sells Australian Life Insurance Business To TAL
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Last
$34.54 |
Change
0.230(0.67%) |
Mkt cap ! $117.3B | |||
| Open | High | Low | Value | Volume |
| $34.30 | $34.56 | $34.27 | $15.36M | 446.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 2654 | $34.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.55 | 307 | 4 |
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| WBC (ASX) Chart |