Business
Here’s why Westpac (ASX:WBC) just sold its entire Zip (ASX:Z1P) stake – Motley Fool Australia
The Zip Co Ltd (ASX:Z1P) share price will be on watch tomorrow after Westpac Banking Corp (ASX:WBC) announced plans to sell its entire stake…
Hot on the heels of the announcement of a partnership with payments company Afterpay Ltd(ASX: APT), this afternoon Westpac Banking Corp(ASX: WBC) has revealed plans to sell its entire stake in rival buy now pay later provider Zip Co Ltd(ASX: Z1P).
What did Westpac announce?
Westpac has announced that it has signed an agreement with UBS for an underwritten sale of its 10.7% stake in Zip by way of a fully underwritten book build to institutional investors.
According to the release, the bank has agreed…
-
General12 hours agoHigher US tariffs on steel and aluminium kick in
-
General18 hours agoScaled-back home battery rebate scheme prompts confusion, backlash against WA government
-
Noosa News12 hours agoAcclaimed Iranian Director and 2025 Cannes Palme d’Or-Winner Jafar Panahi Has Arrived in Australia for Sydney Film Festival
-
Noosa News14 hours agoOne in three Australian men report using emotional or physical violence