Aug 9 (Reuters) - Insurer Suncorp Group Ltd (SUN) said on Thursday it had entered an agreement to sell its life insurance division to a unit of Dai-Ichi Life Holdings 8750.T for A$725 million ($538.82 million), ending more than a year of speculation over a sale it had considered since early 2017.
Completion of the sale is expected to result in an after-tax non-cash loss on sale in fiscal 2019 of approximately A$880 million, Suncorp said in a statement.
($1 = 1.3455 Australian dollars)
News: SUN Australia's Suncorp to sell life insurance unit to Dai-Ichi Life unit for $539 mln
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Last
$19.42 |
Change
0.250(1.30%) |
Mkt cap ! $23.46B | |||
| Open | High | Low | Value | Volume |
| $19.40 | $19.46 | $19.20 | $38.87M | 2.003M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9297 | $19.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.42 | 17197 | 2 |
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| SUN (ASX) Chart |
