Dec 7 (Reuters) - Westpac Banking Corp (WBC) :
- WESTPAC SELLS PACIFIC BUSINESSES-WBC.AX
- SALE PRICE IS MADE UP OF $315 MILLION
- DEAL FOR UP TO $420 MILLION.
- SEES ACCOUNTING LOSS ON SALE OF ABOUT $230 MILLION
- SALE PRICE IS MADE UP OF $315 MILLION PAYABLE AT COMPLETION & $60 MILLION TO BE PAID SIX-MONTHLY OVER FOLLOWING 18 MONTHS FOR WESTPAC PNG
- COMPLETION IS EXPECTED TO OCCUR IN SECOND HALF OF FY2021
- ANNOUNCES SALE OF PACIFIC BUSINESSES TO KINA SECURITIES
- SALE WILL ADD ABOUT 3 BPS TO WESTPAC'S COMMON EQUITY TIER 1 CAPITAL RATIO
- SALE PRICE ALSO INCLUDES EARN-OUT PAYMENTS OF UP TO $45 MILLION, SCHEDULED TO OCCUR ANNUALLY OVER 24 MONTHS POST COMPLETION
News: KSL Westpac Banking Corp Announces Sale Of Pacific Businesses
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Last
$1.27 |
Change
0.020(1.60%) |
Mkt cap ! $366.7M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.27 | $1.24 | $345.7K | 275.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 44851 | 3 |
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| KSL (ASX) Chart |