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AMP Life sale greenlit

— 1 minute read

AMP has received regulatory approval for the sale of its life insurance business.

The transaction is expected to wrap up after the market closes on 30 June. 

AMP has said it will provide an update to the market on 1 July.

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The sale to Resolution Life was declared in 2018, initially for $3.3 billion, but it hit a roadblock last year. 

The group dropped its plans to divest its New Zealand wealth business in May.

 

AMP Life sale greenlit
AMP
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Sarah Simpkins

Sarah Simpkins

Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth. 

Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio. 

You can contact her on [email protected].

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