Announced

Hollard Group to acquire the general insurance unit of Commonwealth Bank of Australia for $468m.

Synopsis

Hollard Group, South Africa’s biggest privately-owned insure agreed to acquire the general insurance unit of Commonwealth Bank of Australia, an Australian multinational bank, for $468m. "The transaction is consistent with CBA’s strategy to deliver differentiated customer propositions and the best integrated digital experiences. CBA and Hollard will coinvest in innovative, market-leading products and services that anticipate and meet the changing needs of our customers," Matt Comyn, CBA CEO.

Show Details & Financials

Did you work on this deal?

Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.

Sort

By continuing, you agree to our Terms & Conditions and our Data Privacy Policy

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US