Divestment of equity interest in Resolution Life Australasia

Australasia (RLA) for a consideration of A$524 million to Resolution Life Group . The sale of the RLA holding will complete AMP’s exit from its former life insurance and mature business, AMP Life, which it sold to Resolution Life in 2020 for a total consideration of A$3 billion including the equity interest in RLA. The divestment has been agreed ahead of the expiry of the 18-month standstill perio