Lendi-Aussie merger details revealed 17 December 2020
Online brokerage Lendi and franchise brokerage Aussie will remain as separate brands under the proposed merger, with Lendi technology eventually underpinning the two, CEO David Hyman has outlined.
On Wednesday (16 December), online home loan platform Lendi and the Commonwealth Bank of Australia (CBA) announced that they had signed a binding heads of agreement to merge Lendi with Aussie Home Loans (Aussie).
Under the proposed merger (subject to ACCC consultation and other customary conditions), Lendi shareholders would hold the majority shareholding of 55 per cent in the merged business, while Aussie’s current owner, CBA, would hold a 45 per cent shareholding.
CBA announces agreement to merge Aussie Home Loans with Lendi
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