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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
2 mins to read

AMP’s $A3.3b life insurance business sale falls through

Shares plunge as company cancels first-half dividend.

Andrew Bevin Mon, 15 Jul 2019

AMP has called off the $A3.3 billion sale of its life insurance business to Resolution Life because the transactions terms could not meet Reserve Bank requirements, prompting the company to issue a dividend warning.

The announcement wiped $500 million off AMP's market value as its shares slumped

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Andrew Bevin Mon, 15 Jul 2019
Contact the Writer: andrew@nbr.co.nz
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AMP’s $A3.3b life insurance business sale falls through
General Business,
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