Bice acquires Sura's Chile life annuity business for $230 mln

SANTIAGO, March 7 (Reuters) - Bicecorp SA, one of Chile's largest financial institutions, said on Wednesday it acquired Grupo de Inversiones Suramericana's life annuity business for $230 million, in a move to boost its insurance unit's product offerings.

The deal is subject to regulatory approval. (Reporting by Antonio de la Jara Writing by Luc Cohen Editing by Matthew Lewis)