Brief: Westpac Says Westpac Pacific Sale To Kina Bank To No Longer Proceed

Kina Securities

21/09/2021 23:54

Sept 22 (Reuters) - Westpac Banking Corp  WBC.AX :
    * WESTPAC PACIFIC SALE TO KINA BANK TO NO LONGER PROCEED
    * FIRST ANNOUNCED PROPOSED SALE ON 7 DECEMBER 2020 AND
RECOGNISED
A LOSS ON SALE OF A$121M AT FIRST HALF 2021
    * SOME OF THESE ITEMS MAY NOW NEED TO BE WRITTEN BACK
    * EXPECT TO PROVIDE FURTHER DETAIL AHEAD OF FY 2021 RESULTS
ANNOUNCEMENT DUE ON NOV 1

Source text for Eikon:  ID:nASX7kWHmP 
Further company coverage:  KSL.AX 

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