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Provider: Thomson Reuters StreetEvents
Provider: Wright Reports

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Wesfarmers updates on sale of insurance underwriting operations

Thursday, 19 Jun 2014 06:28pm EDT 

Wesfarmers Ltd:Says all regulatory approvals which were conditions precedent for the sale of its insurance underwriting operations in Australia and New Zealand to Insurance Australia Group have been received.Acting Assistant Treasurer of the Commonwealth of Australia has approved the transaction, completing the required regulatory approvals.Announced in Dec. 2013, to sell the Australian and New Zealand underwriting operations of its Insurance division to Insurance Australia Group for $1,845 mln. 

Company Quote

0.63 +1.53%
22 Dec 2014