Nov 13 (Reuters) - Suncorp Group (SUN) on Tuesday postponed the targeted close of the A$725 million ($520.04 million) sale of its Australian life insurance business to Japan's Dai-ichi Life 8750.T , citing the timing of regulatory approvals.
The company said in a statement it was targeting late February for the completion date, compared with its initial date of late-December this year.
The company also said that an extraordinary general shareholders' meeting regarding a capital return would be held after the completion of the sale, instead of mid-December as initially proposed.
($1 = 1.3941 Australian dollars)
Nov 13 (Reuters) - Suncorp Group (SUN) on Tuesday postponed the...
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