Dec 7 (Reuters) - Westpac Banking Corp (WBC) will sell its Pacific businesses, which include those in Fiji and Papua New Guinea, for up to A$420 million ($312.1 million), Australia's No. 3 lender said on Monday, as it redirects its focus to local operations.
The lender expects a loss of A$230 million on the sale to Kina Securities Ltd (KSL) , but expects it to boost core capital by 3 basis points.
($1 = 1.3457 Australian dollars)
Dec 7 (Reuters) - Westpac Banking Corp (WBC) will sell its...
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Last
$1.34 |
Change
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Mkt cap ! $386.9M | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.37 | $1.34 | $230.7K | 169.8K |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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