IAG to write off $260m following Equity sale to Aquiline Partners
Insurance Australia Group has announced that it recorded a loss of $182m in respect of its "discontinued" UK operations in the six months to 31 December 2012.
It added a further UK related loss of $80m will be recognised in its second half results, representing the required "recycled of a foriegn currency transaltion reserve upon sale completion"
IAG
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