National Australia Bank shares have halted trading ... an announcement due re Nippon Life maybe buying into their life insurance business
Via Australian Financial Review:
- National Australia Bank has been placed in a trading halt
- Reports that Nippon Life will buy about 80 per cent of the bank's life insurance business for 220 billion yen ($2.5 billion AUD)
- Japanese news outlet Yomiuri reported Nippon would own about 80 per cent of the unit according to Bloomberg
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By the time news like this hits the press its often old news, so don't go crazy buying the AUD/JPY here
