.
Bendigo and Adelaide Bank Limited (ASX:BEN) is poised to buy the business and assets of Victoria’s Rural Finance Corporation for $1.78 billion.
The Brisbane-based regional lender has entered into trading halt ahead of a $230 million capital raising.
Bendigo and Adelaide Bank expects the purchase will have a value of about $1.695 billion when the deal is tied up in mid-July.
Managing Director Mike Hirst says Rural Finance will work together with the bank’s existing specialist agricultural business.
Bendigo and Adelaide Bank reported a net profit of $181 million in the first half of the 2014 financial year.
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Last
$11.79 |
Change
-0.230(1.91%) |
Mkt cap ! $6.679B | |||
| Open | High | Low | Value | Volume |
| $11.87 | $11.89 | $11.68 | $20.28M | 1.720M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 89 | $11.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.81 | 4109 | 2 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| BEN (ASX) Chart |