Challenger Limited (AU:CGF) has released an update.
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Challenger Limited has completed the sale of Challenger Bank to Heartland Group Holdings, expecting an $11 million pre-tax gain and a $40 million capital boost for Challenger Life. With regulatory approvals from APRA and RBNZ in place, Challenger now aims to concentrate on its Life and Funds Management divisions to enhance retirement financial security for its customers.
For further insights into AU:CGF stock, check out TipRanks’ Stock Analysis page.
