Westpac agrees to terminate Pacific sale mortgagebusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagebusiness.com.au Daily Mail and Mail on Sunday newspapers.
Westpac today announced it and Kina Securities Limited (ASX:KSL) have agreed to terminate the agreements for the sale of Westpac's Pacific businesses -.
Kina Securities Westpac PNG Acquisition Blocked By Regulator fijisun.com.fj - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fijisun.com.fj Daily Mail and Mail on Sunday newspapers.
Westpac (ASX:WBC) share price on watch after asset sale blocked fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
Reserve Bank of Fiji provides conditional approval to Kina Securities Limited
Reserve Bank of Fiji provides conditional approval to Kina Securities Limited
Reserve Bank of Fiji Governor Ariff Ali. [Image: File Photo]
The Reserve Bank Board has resolved that a conditional approval be granted on Kina Securities Limited’s application to take over Westpac Fiji.
The Westpac Group had announced on 7th December last year, its intention to sell the Westpac Pacific Business (Westpac Fiji and Westpac’s 89.91% stake in Westpac Bank PNG Limited) to Kina Securities Limited, subject to regulatory approvals in Fiji and PNG, and Kina Securities shareholder approval.