Australia’s Strategic Interests Influence Westpac Bank’s Pacific Sell-Off

Australia’s Strategic Interests Influence Westpac Bank’s Pacific Sell-Off
Westpac Bank signage is displayed on a building in this photo taken in Sydney, Australia, on 13 July 2006. Greg Wood/AFP via Getty Images
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Westpac Bank will take into account Australia’s strategic needs if it goes ahead with the sale of its pacific banking arms in Fiji and Papua New Guinea.

Westpac is reportedly looking to divest more than $3 billion worth of non-core assets, including its wealth management platform, general insurance business, car and auto loans business, as well as the long-running Pacific Bank.
Victoria Kelly-Clark
Author
Victoria Kelly-Clark is an Australian based reporter who focuses on national politics and the geopolitical environment in the Asia-pacific region, the Middle East and Central Asia.
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