Dec 7 (Reuters) - Westpac Banking Corp (WBC) will sell its Pacific businesses, which include those in Fiji and Papua New Guinea, for up to A$420 million ($312.1 million), Australia's No. 3 lender said on Monday, as it redirects its focus to local operations.
The lender expects a loss of A$230 million on the sale to Kina Securities Ltd (KSL) , but expects it to boost core capital by 3 basis points.
($1 = 1.3457 Australian dollars)
News: KSL Australia's Westpac to offload pacific businesses for $312 million
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Last
$1.34 |
Change
0.000(0.00%) |
Mkt cap ! $386.9M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.36 | $1.34 | $175.0K | 130.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1692 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 2699 | 5 |
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| KSL (ASX) Chart |