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30 June 2023 at 4:17pm
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[ARTICLE] Westpac sells NZ life for $373m

A news article has been posted about Westpac on the AFR. The article was published around , on 6 July 2021 at 9:19am.

Westpac Banking Corporation has sold its New Zealand life insurance business to Fidelity Life after shaking on a $373 million deal and a 15-year distribution agreement. CEO Peter King said the sale of the unit to New Zealand’s biggest life insurer and backed by the country’s sovereign wealth fund NZ Super was a significant development in its transformation.

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WBC was $25.53 at the close of trade on 05 July 2021

Find all articles about Westpac, including others on the AFR, on the media page.

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