Lendi to merge with Aussie Home Loans.

Lendi, an online home loan platform, agreed to merge with Aussie Home Loans, a mortgage broker. Upon completion, CBA will retain a 45% shareholding in the combined business, with Lendi shareholders holding the remaining 55%. CBA will also receive deferred consideration and a pre-completion dividend of A$105m in aggregate (subject to adjustments). “We believe the combined business will have a stronger platform to offer enhanced digital capabilities for Aussie brokers and a superior experience for customers," Matt Comyn, CBA CEO.