St.George sells unbranded merchant ATM network
St.George Bank today announced it had sold its unbranded ATM network of
around 700 machines to Customers Limited.
The sale is consistent with the Group’s overall policy of divesting non-core
assets.
St.George expects to achieve a book profit of $26.6 million before tax with
settlement scheduled on 31 December 2004. The profit will be treated as a
significant item for the 2005 results.
St.George will continue to own and maintain its own branded ATM network,
St.George sells unbranded merchant ATM networkSt.George Bank...
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