Dec 14 (Reuters) - National Australia Bank Ltd (NAB) :
- NAB & JARDEN TO LAUNCH NZ WEALTH & ASSET MANAGEMENT BUSINESS
- THE PROPOSED TRANSACTION WILL BRING TOGETHER NAB’S JBWERE NEW ZEALAND AND BNZ INVESTMENT SERVICES LIMITED BUSINESSES, AMONG OTHERS
- NAB AND JARDEN WEALTH WILL EACH RECEIVE A CASH PAYMENT ALONG WITH A RETAINED SHAREHOLDING OF 45% AND 20% RESPECTIVELY
- UPON COMPLETION, PROPOSED TRANSACTION NOT EXPECTED TO RESULT IN MATERIAL IMPACT ON LEVEL 2 CORE EQUITY TIER 1 CAPITAL
- COMPLETION IS EXPECTED TO OCCUR BY JUNE 2024
- NEW ENTITY WILL BE CALLED FIRSTCAPE
- ON COMPLETION, NAB WILL RECOGNISE A GAIN ON SALE WITHIN STATUTORY NET PROFIT
- UNDER DEAL, CREATION OF LEADING WEALTH MANAGEMENT BUSINESS IN NZ WITH COMBINED 113 ADVISERS, NZ$29BN OF FUNDS UNDER ADVICE AND ADMINISTRATION
- UNDER NEWLY FORMED ENTITY, NAB, JARDEN WEALTH AND PACIFIC EQUITY PARTNERS WILL BE SHAREHOLDERS
News: NAB National Australia Bank & Jarden To Launch NZ Wealth & Asset Management Business
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Last
$43.57 |
Change
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Mkt cap ! $133.4B | |||
| Open | High | Low | Value | Volume |
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