Brief: Westpac, Kina Reviewing Draft Determination By PNG ICCC On Sale Of Pacific Businesses

Kina Securities

26/07/2021 09:40

July 26 (Reuters) - Westpac Banking Corp  WBC.AX :
    * UPDATE ON WESTPAC'S SALE OF PACIFIC BUSINESSES
    * WESTPAC AND KINA CURRENTLY REVIEWING DRAFT DETERMINATION
    * WESTPAC AND KINA TO MAKE FURTHER SUBMISSIONS TO ICCC
BEFORE ITS
FINAL DETERMINATION IS ISSUED IN SEPTEMBER
    * SALE REMAINS SUBJECT TO REGULATORY APPROVALS IN BOTH FIJI
AND
PAPUA NEW GUINEA
    * BELIEVES THAT TRANSACTION WITH KINA IS IN INTERESTS OF
WESTPAC'S
CUSTOMERS AND STAFF

Source text for Eikon:  ID:nASX2kkKHd 
Further company coverage:  KSL.AX  WBC.AX 

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