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  5. Bank Of Queensland Acquires Home Building Society

M&A Deal Summary

Bank Of Queensland Acquires Home Building Society

On December 24, 2007, Bank Of Queensland acquired financial services company Home Building Society

Acquisition Highlights
  • This is Bank Of Queensland’s 2nd transaction in the Financial Services sector.
  • This is Bank Of Queensland’s 2nd transaction in Australia.

M&A Deal Summary
Date 2007-12-24
Target Home Building Society
Sector Financial Services
Buyer(s) Bank Of Queensland
Deal Type Add-on Acquisition

Target

Home Building Society

Perth, Australia
Home Building Society Ltd. operates as a building society in Australia.

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Buyer(S) 1

Buyer

Bank Of Queensland

Newstead, Australia
Category Company
Founded 1874
Sector Financial Services
Employees3,105
Revenue 1.6B AUD (2024)
DESCRIPTION

Bank Of Queensland a regional bank provides full range of personal banking services. Bank of Queensland was founded in 1874 and is based in Newstead, Australia.

DEAL STATS #
Overall 2 of 7
Sector: Financial Services M&A 2 of 6
Type: Add-on Acquisition M&A Deals 2 of 5
Country: Australia M&A 2 of 6
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-23 Pioneer Permanent Building Society

Mackay, Australia

Pioneer Permanent Building Society Ltd. provides personal and banking products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-26 CIT Group

Sydney, Australia

CIT Group (Australia) Limited is a provider of vendor based, equipment finance and leasing in Australia.

Buy AU$525M
Mergr

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