Login
ISCOVER
Australia’s fifth largest bank is set to become part of Westpac after shareholders yesterday voted overwhelmingly in favour of the proposed takeover.
Approximately 95 per cent of St George’s shareholders voted in favour of the deal, the banks confirmed today.
St George chairman John Curtis said the deal would create “the leading financial services organisation” and an entity rated AA – one of only 17 in the world.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Looking for more benefits?
Become a Premium Member.
Together the banks will possess 21.9 per cent of the total mortgage market, according to data from UBS.
Published: 13-11-08Today's other news
JOIN THE DISCUSSION