Resolution Life Group Holdings LP entered into an agreement to acquire remaining 19.13% stake in Resolution Life NOHC Pty Limited (RLA) from AMP Limited (ASX:AMP) for approximately AUD 520 million on November 3, 2021. The consideration will be adjusted for the amount of any dividends, distributions or capital returns that are paid from RLA to AMP before completion. As part of the divestment agreement, AMP and RLA have also agreed to settle a number of post completion adjustments and certain claims between the parties, subject to various limitations and exclusions, which has resulted in a net payment of AUD 141 million to RLA from AMP. After the transaction, Resolution Life Group Holdings LP will have full ownership in Resolution Life NOHC Pty Limited and AMP Life. The divestment is subject to regulatory approvals in Australia and New Zealand and is expected to be completed in first half of 2022. The divestment will strengthen AMP's available capital by approximately AUD 459 million.

Resolution Life Group Holdings LP completed the acquisition of remaining 19.13% stake in Resolution Life NOHC Pty Limited (RLA) from AMP Limited (ASX:AMP) for approximately AUD 520 million on June 28, 2022.