Provider: Thomson Reuters StreetEvents
Provider: Wright Reports
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Wesfarmers updates on sale of insurance underwriting operations
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.
Latest Developments for Wesfarmers Ltd
- Arthur J. Gallagher & Co completes acquisition of Wesfarmers Ltd's insurance brokerage operations
- Wesfarmers Ltd announces update on sale of insurance broking and premium funding operations to Arthur J. Gallagher & Co
- Reserve Bank of New Zealand approves acquisition of Lumley General Insurance by Insurance Australia Group Ltd from Wesfarmers Ltd
- Wesfarmers Limited gives H2 2014 earnings guidance
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