Announced
Financials
Sources
Tags
Australia
Diversified Financials
financial advisory services
Private
Acquisition
Pending
Single Bidder
Friendly
Synopsis
Viridian Financial Group, a finance broker in Australia, agreed to acquire an advisory business of Westpac Banking, an Australian bank and financial-services provider. Financial terms were not disclosed. “These changes allow us to focus investment in areas where we have a competitive advantage such as platforms and insurance. It also follows previous strategic decisions the Group has made about how it operates in wealth, including its decision to divest or sell-down its asset management businesses (BTIM – now Pendal, Hastings, and Ascalon), as well as partnering with Allianz to provide certain insurance products,” Brian Hartzer, Westpac Group Chief Executive.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.