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ISCOVER
Staff Reporter
Australia’s biggest mortgage originator has sold a 20 per cent stake in its business to Macquarie Group.
Yesterday, Homeloans announced via a statement on the ASX, that Macquarie Group had taken a 19.84 per cent stake in the mortgage company.
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According to Homeloans’ ‘notice of initial substantial holder’, posted on the ASX, Macquarie bought the stake from Challenger Group who has now ceased being a major shareholder and paid $20.1 million.
The trade was done at 95 cents a share.
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