Westpac will undertake the partial sale of its shareholding in BT Investment Management Limited (BTIM) by way of an Institutional & Retail offer. The Institutional offer concluded on 17th June at $8.20 per share (a 6% discount to the previous day’s closing price) for 55million ordinary shares.

Eligible shareholders (WBC or BTIM holders on 11th June) will be offered 27million shares at $8.20. They can purchase either 600 shares or 1200 shares under the offer. Find out more…