March 29 (Reuters) - Standard Life Plc:
* Have been agreed to sell its Hong Kong insurance business,Standard Life (Asia) Limited to Standard Life’S Chinese joint venture insurance business, Heng An Standard Life Insurance Company Limited
* Transaction is subject to obtaining local regulatory and other approvals in Mainland China and Hong Kong ,this could take up to 18 months.
* Final consideration will be calculated as at the date of completion and will be payable in cash. Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)