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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.
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Yesterday, Homeloans announced via a statement on the ASX, that Macquarie Group had taken a 19.84 per cent stake in the mortgage company.
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.
