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Nikko buying Tyndall

Nikko Asset Management is expected to buy the Tyndall asset management business that Suncorp has for sale. The latter is likely to announce the sale today, for about A$125 million, the Financial Review reports.Suncorp will continue to contract with Tyndall, to manage many of the former's fixed interest assets, as is now the case.The life business of Suncorp is not part of the sale.

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