Reginal Thomas
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Westpac Buys All Of Lloyds Australian Assets for $1.45 Billion

Westpac Banking Corp. (WBC) has agreed to buy Lloyds Banking Group Plc (LLOY)'s Australian assets for a reported $1.45 billion. Westpac Bank Corp. is Australia's second biggest leader, so the deal is great for them because they wanted to add car leasing and corporate loans to the services they offer. In this deal Westpac will get a load portfolio worth $8.4 billion.