News Asia22 Sep 2017

Australia:AIA to buy Commonwealth Bank's insurance business for US$3 bln

22 Sep 2017

Hong Kong-headquartered AIA has reached agreement with Commonwealth Bank of Australia (CBA) for the former to buy CommInsure Life and Sovereign, CBA's life insurance business in Australia and life and health insurance businesses in New Zealand for A$3.8 billion (US$3 billion).

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