October 24, 2018 / 9:01 PM / a month ago

Australia's AMP to sell local and NZ wealth protection and mature businesses for $2.33 bln

Oct 25 (Reuters) - Australian wealth manager AMP Ltd said on Thursday it would sell its Australian and New Zealand wealth protection and mature businesses to London-based insurance firm Resolution Life for A$3.3 billion ($2.33 billion).

AMP said it expected the sale to close in the second half of fiscal 2019. ($1 = 1.4164 Australian dollars) (Reporting By Rushil Dutta in Bengaluru Editing by Alison Williams)

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