ASCALON CAPITAL MANAGERS LIMITED / GENERATION DEVELOPMENT GROUP LIMITED / WESTPAC BANKING CORPORATION / Disposal / Private

Synopsis

Westpac Banking Corporation (ASX:WBC) today announced it will cease toown Ascalon Capital Managers Limited following an agreement with Generation Development Group Limited (ASX: GDG) under which GDG will invest in Ascalon and become its ultimate owner.

Principals

target

Ascalon Capital Managers

bidder

Generation Development Group

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