re: exits amp, hhg, sgb - questions / opinions ?
Tuesday January 27, 4:18 PM
Australia's NAB/AMP/HHG: Below Closing Market Levels
SYDNEY (Dow Jones)--National Australia Bank Ltd. (NAB) has sold its 2%-plus stake in AMP Ltd. (AMP.AU) to Merrill Lynch for about A$4.50 a share, people close to the transaction said Tuesday.
The bank also sold a stake of just more than 2% of HHG PLC (HHG.AU) to Merrill Lynch for about A$1.05 a share, the sources said.
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Earlier Tuesday, AMP shares closed 9 cents lower at A$4.63 and HHG lost 3 cents to A$1.06.
NAB initially paid A$6 a share for a stake in AMP in late August, before HHG was spun off from the financial services group.
The bank, which also is selling its stake of just more than 9% of St George Bank Ltd. (SGB.AU), told the Australian Stock Exchange earlier that it expects to achieve an "attractive profit" on the three transactions.
exits amp, hhg, sgb, page-10
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Last
$39.22 |
Change
0.520(1.34%) |
Mkt cap ! $120.5B | |||
| Open | High | Low | Value | Volume |
| $38.80 | $39.22 | $38.56 | $164.9M | 4.223M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9324 | $39.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.24 | 8294 | 4 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| NAB (ASX) Chart |