Heartland Group has announced that it has received the final regulatory approvals for the acquisition of Challenger Bank.
The approvals were granted by the Australian Prudential Regulation Authority and the Reserve Bank of New Zealand.
The acquisition is expected to be completed today.
Heartland, a financial services group, will acquire Challenger Bank from Challenger.
Heartland's chief executive officer, Jeff Greenslade, and chief financial officer, Andrew Dixson, authorised the announcement.
No further details were provided.
See more
