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June 28 (Reuters) - Australian shares fell on Monday, weighed down by banking and technology stocks, as investors fretted tighter lockdown curbs after the country over the weekend reported one of the highest numbers for locally acquired coronavirus cases this year.
The S&P/ASX 200 index was down 0.3% at 7,286 points, as of 0026 GMT. The benchmark closed 0.5% higher on Friday.
Sydney began a two-week lockdown on Sunday as the Bondi neighbourhood cluster of the highly infectious coronavirus Delta variant rose to 110 in Australia’s largest city, while an outbreak in the northern city of Darwin prompted a hard two-day stay-at-home order.
Cerberus lines up whopper funding package for Westpac acquisition
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Citi and Bank of America are expected to help bankroll US alternatives giant Cerberus Capital Managementâs big push into Australiaâs vehicle finance sector.
It is understood Cerberusâ local portfolio company, Angle Finance, has lined up a $5 billion funding package to acquire Westpacâs auto finance unit and fund its future growth.
Street Talk. Â
Peter Braig
Citi and Bank of America are understood to be two banks in the debt syndicate, and will tip in alongside a handful of other international banks.
The debt was lined up in parallel with Cerberusâ offer to Westpac, which was submitted on June 11 and signed late on Sunday as revealed by Street Talk.
HVS Asia Pacific Hospitality Newsletter - Week Ending 25 June 2021 hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.
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