News

NBNZ may sell its life business

Wednesday 3rd of March 2004
The ANZ is obliged under the terms of its wealth management joint venture with Dutch group ING to offer ING Australia the business.

But if the JV doesn't want it, the business can be sold on the open market reports The Australian Financial Review.

National's life business generated $13 million profit in 2002 and is expected to fetch $100 million plus.

The bank is expected to issue an in...

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