Dec 16 (Reuters) - Commonwealth Bank of Australia (CBA) said on Wednesday it would sell a majority stake in its home loan business to Lendi via creation of a combined company, creating one of the largest mortgage broker networks in Australia.
Australia's largest bank will retain 45% of the combined company, with Lendi holding the rest. CBA expects a pre-completion dividend of A$105 million ($79.34 million).
($1 = 1.3235 Australian dollars)
News: CBA Australia's CBA to sell majority stake in home loan business to Lendi
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Last
$172.21 |
Change
2.380(1.40%) |
Mkt cap ! $287.7B | |||
| Open | High | Low | Value | Volume |
| $170.37 | $172.25 | $170.16 | $63.39M | 370.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 43 | $172.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $172.22 | 116 | 5 |
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| Last trade - 11.54am 28/08/2025 (20 minute delay) ? |
| CBA (ASX) Chart |