April 16, 2018 / 10:41 PM / 5 months ago

BRIEF-Bank Of Queensland Announces Sale Of St Andrew's Insurance For $65 Million

April 17 (Reuters) - Bank of Queensland Ltd:

* ANNOUNCES SALE OF ST ANDREW’S INSURANCE FOR $65 MILLION

* EXPECTS COMPLETION TO OCCUR IN SECOND HALF OF CALENDAR YEAR 2018

* TRANSACTION TO RESULT IN INDICATIVE POST-TAX GAIN ON SALE OF $8 MILLION AND INCREASE CET 1 RATIO BY 20 BASIS POINTS Source text for Eikon: Further company coverage:

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