The Fiji Times » RBF grants conditional approval to Kina Securities for Westpac Fiji acquisition fijitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fijitimes.com Daily Mail and Mail on Sunday newspapers.
Regulator knocks back Westpac’s sale of Pacific businesses By Neil Griffiths 27 July 2021
Westpac remains committed to the sale of its Pacific businesses despite a competition regulator knocking back a proposed acquisition.
The sale of Westpac Fiji and the bank’s 89.91 per cent stake in Westpac Bank PNG Limited to Kina Securities Limited for up to $420 million was announced in December last year. However, on Monday, the PNG Independent Consumer and Competition Commission (ICCC) issued a draft determination stating it is “not currently satisfied that the acquisition will not, or will not likely, have the effect of substantially lessening competition in the relevant markets identified”.
Executive Interview: Isikeli Taureka ‘This job is balanced between trying to run various companies through guidance and direction and monitoring, and then mapping the politics around that as well.’ by maraia vula Isikeli Taureka, Managing Director of
Kumul Consolidated Holdings and
Chairman of Kina Securities Limited.
Isikeli Taureka is the managing director of Kumul Consolidated Holdings (KCH) in Papua New Guinea.
He is also the Kina Securities Limited (KSL) Board Chairman. He is an embodiment of a successful Pacific Islander who has succeeded around the world in different sectors through sheer hardwork.
Kina Securities buys Westpac Group s Pacific businesses lawyersweekly.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lawyersweekly.com.au Daily Mail and Mail on Sunday newspapers.