Sunday, March 4, 2012

Australia's AMP sells stake in India joint venture.(AMP Ltd)(Brief Article)

Australian financial services group AMP Ltd. said it sold its interest in a joint venture insurer in India as part of AMP's strategy of focusing on its wealth management businesses in Australia and New Zealand.

AMP said its AMP Life unit sold its 26% stake in AMP Sanmar Life Insurance Co. Ltd. to Reliance Life Insurance Co., a subsidiary of Indian company Reliance Capital Ltd. The …

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