Westpac to Acquire Lloyds Banking Group's Australian Asset Finance Business for AUD $1.45B
October 11, 2013 at 07:08 AM EDT
Westpac (NYSE: WBK ) today announced it has entered an agreement to acquire Lloyds Banking Group's (NYSE: LYG ) Australian asset finance business, CFAL, and its corporate loan portfolio, BOSI, for $1.45 billion. This follows Lloyds' decision to focus on its UK business. Westpac Group Chief Executive Officer, Gail
