NAB to buy Aviva's Australia business for $660 mln

SYDNEY, June 22 (Reuters) - National Australia Bank Ltd (NAB.AX) has agreed to buy British insurer Aviva plc's (AV.L) Australian insurance and wealth management business for A$825 million ($660 million), NAB said in a statement on Monday.

NAB said the acquisition would be completed in the fourth quarter of 2009. ($1=A$1.25) (Reporting by Denny Thomas; Editing by Mark Bendeich) ((denny.thomas@reuters.com; +61 2 9373 1812; Reuters Messaging: denny.thomas.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))