New Zealand's Heartland Bank plans to acquire Australia's Challenger Bank for $210m, subject to regulatory approval, to expand its presence in the Australian market.
New Zealand's Heartland Bank plans to raise $210m to acquire Australia's Challenger Bank, subject to final regulatory approvals. The acquisition aims to expand Heartland's presence in the Australian market and leverage Challenger's funding platform for growth. Upon completion, Heartland Bank Australia will be the only specialist bank provider of both reverse mortgages and livestock finance in the country.
April 07, 2024
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