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Announced

Completed

AIA completed its acquisition of CommInsure Life from CBA for $1.5bn.

Financials

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Transaction Value£1,227m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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writing life insurance

financial services

insurance

Life Insurance

New Zealand

Australia

Private

Friendly

Single Bidder

Acquisition

Completed

Majority

Synopsis

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AIA Group, a Hong Kong-based insurance broker, completed its acquisition of CommInsure Life, a life insurance unit from Commonwealth Bank of Australia for $1.5bn. “We are excited by the opportunity to bring together the strengths of AIA and CommInsure Life and are working hard with our partner to develop a new generation of products for CBA’s customers, which will deliver excellent customer outcomes." Matt Comyn, CBA CEO.

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