Oct 1 (Reuters) - Suncorp Group Ltd SUN.AX :
* ANNOUNCES BINDING AGREEMENT TO SELL CAPITAL S.M.A.R.T AND ACM PARTS
* SALE OF CAPITAL S.M.A.R.T TO AMA VALUING 100% OF THE BUSINESS AT $420M
* CO TO RETAIN A 10% STAKE IN CAPITAL S.M.A.R.T AND A SUBSIDIARY BOARD SEAT
* AFTER-TAX PROFIT ON SALE IS EXPECTED TO BE IN RANGE OF $275-$295 MILLION
* SALE CONSIDERATION WILL BE IN THE FORM OF UPFRONT CASH PROCEEDS AND THE RETENTION OF A 10% INTEREST IN BUSINESS
* SUNCORP ANNOUNCING SALE OF ACM PARTS PTY LTD TO AMA FOR CASH CONSIDERATION OF $20 MILLION
* UNDER TERMS OF THE TRANSACTION, SUNCORP WILL CONTINUE TO USE ITS EXISTING VALUED NETWORK OF SMASH REPAIR PARTNERS.