M&A Deal Summary

Westpac Bank Acquires St. George Bank

On May 13, 2008, Westpac Bank acquired financial services company St. George Bank for 18.6B AUD

Acquisition Highlights

This is Westpac Bank’s 1st transaction in the Financial Services sector.
This is Westpac Bank’s 0th largest (disclosed) transaction.
This is Westpac Bank’s 1st transaction in Australia.

M&A Deal Summary
Date	2008-05-13
Target	St. George Bank
Sector	Financial Services
Buyer(s)	Westpac Bank
Deal Type	Merger
Deal Value	18.6B AUD

Target

St. George Bank

Sydney, Australia

St. George is an Australian financial services company and bank based in Sydney. St. George was formed in 1937.

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Buyer(S) 1

Buyer

Westpac Bank

Sydney, Australia

Category	Company
Founded	1817
Sector	Financial Services
Employees	33,583
Revenue	21.6B AUD (2024)

DESCRIPTION

Westpac's corporate headquarters in downtown Sydney.

Westpac's corporate headquarters in downtown Sydney.

Westpac Bank is an Australian provider of banking and financial services. Westpac Bank was established in 1817 and is based in Sydney.

DEAL STATS	#
Overall	1 of 1
Sector: Financial Services M&A	1 of 1
Type: Merger M&A Deals	1 of 1
Country: Australia M&A	1 of 1
Year: 2008 M&A	1 of 1