Amadeusz Juskowiak

Transamerica ta to have australian sale gain

Transamerica Corp said it will have an aftertax gain of about 10 mln US dlrs on the sale of its Occidental Life Insurance Co of Australia Ltd affiliate to Pratt and Co Financial Services Pty Ltd of Melbourne for 105 mln Australian dlrs

The sale was announced earlier today in Australia Proceeds will be used to enhance the growth of North American operations of its Transamerica Occidental Life subsidiary the company said