Jan 20 (Reuters) - AUB Group Ltd AUB.AX :
* SALE OF ALTIUS GROUP SHAREHOLDING TO THE RIVERSIDE COMPANY-AUB.AX
* ENTERED SALE AGREEMENT TO SELL ITS TOTAL SHAREHOLDING IN ALTIUS GROUP HOLDINGS TO RIVERSIDE CO
* ON COMPLETION, AUB GROUP WILL RECEIVE CASH PROCEEDS OF APPROXIMATELY $57M
* SALE WILL RESULT IN A POST‐TAX PROFIT ON DISPOSAL OF $10M
* PROCEEDS OF SALE WILL BE USED TO REDUCE AUB GROUPS CORPORATE BORROWINGS