Brief: Kina Securities Says Has Agreed To Acquire Westpac Banking Corporation's Assets In Fiji

Kina Securities

30/07/2021 03:06

July 30 (Reuters) - Kina Securities Ltd  KSL.AX :
    * UPDATE ON ACQUISITION OF WESTPAC FIJI - APPROVED RBF &
FCCC-KSL.AX
    * HAS AGREED TO ACQUIRE WESTPAC BANKING CORPORATION'S ASSETS
IN
FIJI
    * RESERVE BANK OF FIJI CONDITIONALLY APPROVED KINA'S
APPLICATION
TO CONDUCT BUSINESS IN FIJI AS A COMMERCIAL BANK
    * GOVERNOR OF RBF NOTED THAT ACQUISITION OF WESTPAC FIJI
WILL NOT
AFFECT DOMESTIC COMPETITION
    * AGREED TO ACQUIRE WESTPAC ASSETS IN FIJI THROUGH KINA'S
WHOLLY
OWNED SUBSIDIARY KINA SECURITIES
    * FIJIAN COMPETITION & CONSUMER COMMISSION NOTES TRANSACTION
WILL
NOT HARM OR AFFECT COMPETITION IN FIJIAN MARKET

Source text for Eikon:  ID:nASX9VDRkD 
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