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Bendigo and Adelaide Bank Limited Sells IOOF Stake


Wednesday, 8 Aug 2012 10:00am EDT 

Bendigo and Adelaide Bank Limited announced the the sale of its 7.8% stake in IOOF (ASX: IFL). The sale, which was conducted at a price of AUD 6.16 per share, the proceeds of approximately AUD 110 million, and improve statutory earnings by approximately AUD40 Million. The sale will increase Core Tier One capital by approximately 13 basis points. 

Company Quote

11.25
0.21 +1.90%
17 Apr 2014