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Westpac says $420m Pacific bank sale knocked back by PNG regulator – The Australian Financial Review

Kina Securities, which agreed to pay $420m for Westpac’s Pacific assets, said it will make new submissions to the PNG competition…

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Kina said in a separate release the ICCC had said 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 and also determines that the acquisition…

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