Nat. Aust Bank gains Beneficial
PA Wellington National Australia Bank, Ltd. is to acquire all the issued capital of Beneficial Finance, Ltd, in New Zealand. Details of the acquisition, which is conditional on approval from the Overseas Investment Commission and the Commerce Commission in New Zealand, were announced by the two companies. National Australia is Australia’s third largest banking group. The group has total assets of sAust32.4 billion and recently announced that it has received approval to establish a whollyowned merchant banking operation in New Zealand.
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Press, 31 May 1985, Page 10
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86Nat. Aust Bank gains Beneficial Press, 31 May 1985, Page 10
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