WBC westpac banking corporation

News: WBC Westpac Says Co Is Reviewing Appropriate Structure For Its New Zealand Business

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    March 24 (Reuters) - Westpac Banking Corp (WBC) :

    • WESTPAC REVIEWING NEW ZEALAND BUSINESS
    • HAVE ALSO ANNOUNCED CONSOLIDATION OF OUR INTERNATIONAL OPERATIONS IN ASIA.
    • ASSESSING APPROPRIATE STRUCTURE FOR ITS NEW ZEALAND BUSINESS AND WHETHER A DEMERGER WOULD BE IN BEST INTERESTS OF SHAREHOLDERS.
    • WESTPAC IS IN VERY EARLY STAGE OF THIS ASSESSMENT AND NO DECISIONS HAVE BEEN MADE
    • GIVEN CHANGING NZ REQUIREMENTS AND REQUIREMENT TO SEPARATE CO'S NZ & AU BUSINESS OPERATIONS, APPROPRIATE TO ASSESS STRUCTURE FOR THESE BUSINESSES
 
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