Oct 14 (Reuters) - Bank of Queensland Ltd BOQ.AX :
* BOQ ANNOUNCES AGREEMENT TO SELL ST ANDREW'S INSURANCE-BOQ.AX
* ENTERED AGREEMENT TO SELL ST ANDREW'S INSURANCE TO FARMCOVE INVESTMENT HOLDINGS (FARMCOVE) FOR PROCEEDS OF $23 MILLION.
* PROCEEDS OF $23 MILLION
* TRANSACTION EXPECTED TO RESULT IN INDICATIVE POST‐TAX STATUTORY LOSS ON SALE OF ABOUT $27 MILLION TO $30 MILLION