Dec 2 (Reuters) - Westpac Banking Corp (WBC) :
- WESTPAC SELLS GENERAL INSURANCE BUSINESS TO ALLIANZ
- SALE PRICE OF $725M
- WILL SELL WESTPAC GENERAL INSURANCE LIMITED AND WESTPAC GENERAL INSURANCE SERVICES LIMITED TO ALLIANZ
- SALE OF GENERAL INSURANCE BUSINESS ADDS AROUND 12 BPS TO COMMON EQUITY TIER 1 CAPITAL RATIO
- COMPLETION OF TRANSACTION EXPECTED TO OCCUR IN SECOND HALF 2021
- SALE OF GENERAL INSURANCE BUSINESS ESTIMATED TO RESULT IN SMALL POST-TAX GAIN ON SALE IN FY 2021
- TRANSACTION ALSO INCLUDES CONTINGENT PAYMENTS SUBJECT TO INTEGRATION MILESTONES & BUSINESS PERFORMANCE OVER NEXT 5 YEARS
News: WBC Westpac Banking Sells General Insurance Business To Allianz
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Last
$34.31 |
Change
0.650(1.93%) |
Mkt cap ! $117.3B | |||
| Open | High | Low | Value | Volume |
| $33.89 | $34.31 | $33.71 | $133.4M | 3.905M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | $34.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.32 | 1160 | 3 |
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| Last trade - 16.11pm 11/08/2025 (20 minute delay) ? |
| WBC (ASX) Chart |