September 30, 2019 / 10:26 PM / 2 months ago

Australia's Suncorp to sell vehicle repair unit to AMA Group for $283 mln

Oct 1 (Reuters) - Australian insurer Suncorp Ltd said on Tuesday it has agreed sell its vehicle repair business to smash repairer AMA Group Ltd for A$420 million ($283.50 million).

Suncorp also agreed to sell its auto parts supplier ACM Parts to AMA for A$20 million, it said in the statement. ($1 = 1.4815 Australian dollars) (Reporting by Rashmi Ashok in Bengaluru; Editing by Sandra Maler)

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