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AUSTRALIA'S NRMA AWAITS RESULT OF BID FOR NZ INSURER.

Publication: AsiaPulse News

Publication Date: 05-FEB-01
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COPYRIGHT 2001 Asia Pulse Pty Ltd

SYDNEY, Feb 5 Asia Pulse - Shares in NRMA Insurance Ltd (ASX:NRM) gained about two per cent despite today's overall negative market trend, amid reports it would soon hear if its bid for New Zealand's State Insurance was successful.

Some media reports said NRMA could hear as early as today from State Insurance's UK parent, CGNU, if it had fended off a rival bid believed...

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