Brief: Kina Securities Says Acquisition Of Westpac PNG And Westpac Fiji Not To Proceed

Kina Securities

21/09/2021 23:07

Sept 22 (Reuters) - Kina Securities Ltd  KSL.AX :
    * ACQUISITION OF WESTPAC PNG AND WESTPAC FIJI NOT TO PROCEED
    * CO AND WESTPAC BANKING CORP MUTUALLY AGREED TO TERMINATE
AGREEMENTS FOR PURCHASE BY KINA OF WESTPAC'S PACIFIC BUSINESSES
    * TERMINATION FOLLOWS LAST WEEK'S DECISION BY ICCC TO DENY
AUTHORISATION
    * EXPECTS THAT ITS FULL YEAR 2021 RESULTS WILL NOW BE IN
LINE WITH
COMPANY'S FULL YEAR 2020 RESULTS
    * OUTLOOK FOR CO REMAINS POSITIVE

Source text for Eikon:  ID:nASX1lcks 
Further company coverage:  KSL.AX 

 ((Reuters.Briefs@thomsonreuters.com;))