This post was originally published on this site
The sale of AMP’s remaining stake for A$524 million ($389.28 million) follows the company selling its life insurance arm for A$3 billion to Resolution Life in 2020, years after it agreed to offload the business at a discount https://www.reuters.com/article/amp-divestiture-idUSL3N1X45YL.
($1 = 1.3461 Australian dollars)