SYDNEY: Banking giant Westpac said it has agreed to buy Lloyds Banking Group’s Australian businesses for A$1.45bil (US$1.37bil), the Australian lender’s largest acquisition in five years.
Under the deal, the country’s second biggest bank by market capitalisation will acquire Capital Finance Australia Ltd and corporate loan portfolio BOS International Australia Ltd by Dec 31.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!