.
MergerLinks Header Logo

New Deal


Announced

Resolution Life to acquire Asteron Life from Suncorp Group for $244m.

Financials

Edit Data
Transaction Value£194m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Acquisition

Majority

life insurance

New Zealand

Life Insurance

Cross Border

Private

Pending

Friendly

Single Bidder

Synopsis

Edit

Resolution Life, a global life insurance group, agreed to acquire Asteron Life, a life insurance firm, from Suncorp Group, an Australian finance, insurance, and banking corporation, for $244m. “This acquisition further demonstrates our commitment to the Australasian market and our success in growing our business in the region. It follows Resolution Life’s entry into the Australian and New Zealand markets in 2020, and our recent acquisition of AIA Australia’s Superannuation and Investments business," Tim Tez, Resolution Life CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US