Kina Bank’s AU$420 Million Acquisition of Westpac Group’s Pacific Businesses

Dentons has advised Kina Securities Limited on the deal.

Kina Securities Limited (ASX:KSL) (Kina Bank) executed the acquisition of Westpac Group’s Pacific businesses, subject to regulatory approvals and other conditions precedent. One hundred per cent of Westpac’s branch operations and employees in Fiji and Westpac’s 89.91% stake in Westpac – PNG – Limited was sold to Kina Bank for up to AU$420 million.

Kina Securities Limited is an Australia-based financial services provider. The Company offers financial solutions, ranging from savings accounts to small business loans, investments to mortgages, stockbroking and financial advice, investment management and fund administration.

Westpac is Australia’s first bank with a range of innovative financial packages to support your personal, business or corporate banking needs.

Dentons advised Kina Partner with a team led by Partner Stephen Massa (Picture), supported by Senior Associate Rachel Austin, Corporate Partner Kym Livesley, and Managing Associate Urvashi Seomangal.

Involved fees earner: Rachel Austin – Dentons; Kym Livesley – Dentons; Stephen Massa – Dentons; Urvashi Seomangal – Dentons;

Law Firms: Dentons;

Clients: Kina Bank;

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Author: Michael Patrini