Sept 28 (Reuters) - Westpac Banking Corp (WBC) said on Friday it had agreed to sell funds management business Ascalon Capital Managers to Generation Development Group (GDG) .
The lender said in an announcement that funds manager Generation Development will invest in Ascalon and become its ultimate owner. It did not disclose the amount for which the business was being sold.
Westpac added that the transaction, which is expected to close by March 2019, is subject to approval from the Securities and Futures Commission of Hong Kong.
News: GDG Australia's Westpac to sell funds management arm to Generation Development Group
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$6.38 |
Change
0.090(1.43%) |
Mkt cap ! $2.522B | |||
| Open | High | Low | Value | Volume |
| $6.54 | $6.61 | $6.31 | $15.32M | 2.394M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 35181 | $6.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.38 | 8262 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
| GDG (ASX) Chart |