Australian insurer Suncorp sells vehicle repair unit to AMA Group for $284m

Australian insurer Suncorp sells vehicle repair unit to AMA Group for $284m

FILE PHOTO: A Suncorp Group Ltd sign adorns their office building in Sydney, Australia, August 4, 2015. REUTERS/David Gray

Australian insurer Suncorp Group Ltd said it will sell its vehicle repair business for A$420 million ($283.5 million) as it seeks to focus on its core insurance and banking operations after disappointing results in recent times.

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