Finance / United States
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
PMI To Sell-Off Australian Operations
August 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
US mortgage insurer PMI Group has agreed to sell its Australian subsidiary and holding company to QBE Insurance Group. QBE, Australia's largest insurance and reinsurance group, will pay US$920mn for the businesses. The two companies are also currently in talks over the sale of PMI's Asia business, but a definitive agreement has not yet been reached.