AMP Life sale greenlit

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

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>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.

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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