Heartland announces raise to support Aussie bank buy
Regulatory approval for its purchase of Challenger Bank is dependent on the $210m equity raise.
Heartland Bank is a specialist in reverse mortgages
Heartland Group has announced a $210 million equity raise in support of its purchase of Australia’s Challenger Bank.
The group has achieved the next step on its path to becoming an Australian banker, receiving indicative regulatory approvals from the Australian Prudential Regulation Authority
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