March 29 (Reuters) - Standard Life Plc:
* Have been agreed to sell its Hong Kong insurance
business,Standard Life (Asia) Limited to Standard Life’S Chinese
joint venture insurance business, Heng An Standard Life
Insurance Company Limited
* Transaction is subject to obtaining local regulatory and
other approvals in Mainland China and Hong Kong ,this could take
up to 18 months.
* Final consideration will be calculated as at the date of
completion and will be payable in cash.
Further company coverage:
(Bengaluru Newsroom: +91 80 6749 1136)