Australias largest bank to sell its life insurance unit to AIA Group for 3 billion dollar

Posted on:22 Sep 2017 13:50:30
Australias largest bank to sell its life insurance unit to AIA Group for 3 billion dollar
22 September 2017 Current Affairs: Hong Kong-based AIA Group has agreed to buy the life insurance unit of Australia's largest bank, "Commonwealth Bank of Australia", for $3 billion.

This acquisition would make AIA the biggest life insurer in Australia and New Zealand, with 13 million customers.

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