Westpac inks deal to sell 5 banking operations

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Westpac inks deal to sell 5 banking operations

Update: 12:19PM WESTPAC has entered into an agreement to sell its banking operations in Samoa, Cook Islands, Solomon Islands, Vanuatu and Tonga to the Bank of South Pacific Ltd (BSP) for $A125million ($F199.13m).

The
bank will retain its operations in its largest Pacific markets of Fiji and
Papua New Guinea (PNG).