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Commonwealth Bank buys Bankwest

Wed, 2008-10-08 10:35 — administrator

COMMONWEALTH BANK OF AUSTRALIA TO ACQUIRE BANKWEST AND ST ANDREW’S

Sydney, 8 October 2008:

The Commonwealth Bank of Australia (the Group) has acquired the Bank of Western Australia Limited (BankWest) and St Andrew’s Australia Pty Ltd (St Andrew’s) through the execution of a sale and purchase agreement with UK based HBOS plc.

The purchase does not extend to HBOS’s other Australian businesses - Capital Finance Australia Ltd, BOS International (Australia) Ltd and HBOS’s Australian Treasury operations.

The full media release can be obtained online at Commonwealth Group Latest News and Information




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