Takes $51 million charge on sale of Chilean investment
Acquisition significantly strengthens insurer’s Hong Kong operations
Specialists available to evaluate client needs
Sun Life Financial Inc. today announced that it is selling its 31.72% stake in Administradora de Fondos de Pensiones Cuprum SA of Chile, to Empresas Penta SA, for about $120 million in cash.As a result of the transaction, Sun Life Financial expects to take a charge to earnings of about $45 million in the third […]
Prieur relocating to Hong Kong
Insurer raises dividend
Increased financial leverage a concern
Sun Life Financial Inc. has announced a $560 million deal for the Hong Kong-based insurance and pension operations of the Commonwealth Bank of Australia.As a result of the acquisition of CMG Asia and CommServe Financial, Sun Life Financial Hong Kong will become the seventh-largest life insurance company in Hong Kong measured by premiums from new […]
Operating performance expected to remain very strong
Firm's holistic approach suits Sun Life's goals