Final regulatory approvals received for Challenger Bank sale
Market Announcement
Challenger Limited (ASX:CGF) refers to an announcement made today by Heartland Group Holdings Limited (NZX/ASX:HGH) (Heartland) that it has received the necessary regulatory approvals from the Australian Prudential Regulation Authority (APRA) and the Reserve Bank of New Zealand (RBNZ) for Heartland Bank Limited to acquire Challenger Bank Limited (Bank).
The sale of the Bank is expected to complete today, 30 April 2024.