Wesfarmers’ A$1 bln insurance sale gets clearances
Wesfarmers' A$1 billion insurance sale to NYSE-listed
Gallagher gets regulator clearances By Suze
MetherellJune 12 (BusinessDesk) - Wesfarmers has been
given the green light by regulators to sell its broking and
premium funding units for A$1 billion to Arthur J. Gallagher
Co, the New York stock exchange-listed insurer, completing
the Australian company’s exit from the insurance
industry.The Perth-based company expects to make a pretax
profit of between A$310 million Read more [...]