Kina goes for Westpac assets

PAPUA New Guinea bank owner Kina Securities Ltd is making a play for Westpac Banking Corp's up-for-sale Pacific unit, and is expected to ask shareholders to help restock its acquisition war chest.

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Kina Bank in Port Moresby

The Australian Financial Review reports that it is understood Kina Securities is locked in a two-horse race for Westpac's Pacific arm, which owns banks in PNG and Fiji, and is up against a well-funded
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