Brief: Westpac Says PNG Reulator Denies Stake Sale Of Pacific Businesses To Kina bank

Kina Securities

13/09/2021 23:17

Sept 14 (Reuters) - Westpac Banking Corp  WBC.AX :
    * UPDATE ON WESTPAC SALE OF PACIFIC BUSINESSES
    * DEAL FOR UP TO A$420 MILLION
    * PAPUA NEW GUINEA'S INDEPENDENT CONSUMER & COMPETITION
COMMISSION
RELEASED ITS FINAL DETERMINATION CONFIRMING IT DENIED
AUTHORISATION
    * WESTPAC ACKNOWLEDGES ICCC'S DETERMINATION AND WILL
CONTINUE TO
OPERATE THESE BUSINESSES WHILE IT REVIEWS IMPACT ON SALE TO KINA
BANK

Source text for Eikon:  ID:nASX9H2k15 
Further company coverage:  WBC.AX 

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