RAMS Home Loans Group Announces Restructure of Business (RHG.AX, 00765393, 20071002) (Aspect Huntley via Yahoo!7 Finance)
Story date: 2007-10-01 03:29:00
Added on: 2007-10-02 09:00:15
RAMS Home Loans Group announced a restructuring of its business with the sale of its brand name and its distribution business to Westpac Banking Corporation for $140m. In addition, Westpac will provide up to $2bn of financing to fund new business and to refinance a proportion of RAMS' outstanding US XCP (extendible commercial paper) program. The sale of the brand and distribution business is ...
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