Westpac to sell New Zealand life insurance arm for $281m to Fidelity Life

Westpac to sell New Zealand life insurance arm for $281m to Fidelity Life

FILE PHOTO: Pedestrians hold umbrellas as they walk past a branch of the Westpac Banking Corp in central Sydney, Australia, March 30, 2017. REUTERS/David Gray/File Photo

Westpac Banking Corp will sell its New Zealand life insurance business to Fidelity Life for NZ$400 million ($280.84 million), the companies said on Tuesday.

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