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Charter Hall leaves Westpac at the altar

People & Companies / Latest News

Australia

Aug 19 2017

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Carolyn Cummins, The Sydney Morning Herald

Charter Hall has walked away from a potential deal with Westpac's $14.3 billion infrastructure investment business, Hastings Management, amid concerns in the market that some investors had threatened to terminate an agreement, thereby impact on the sale.

In a short statement, Westpac and Charter Hall both said they had "determined not to proceed with further due diligence".

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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