The Australian Competition Authority clears a merger on the market for supply of floor-plan financing to motor vehicle dealerships, point-of-sale retail finance to customers of motor vehicle dealerships and equipment finance to a range of businesses (Lloyds International / Westpac Banking)

ACCC to not oppose Westpac’s proposed acquisition of Lloyd’s assets* The Australian Competition and Consumer Commission will not oppose the proposed acquisition of certain assets of Lloyds International Pty Ltd including Capital Finance Australia Limited (CFAL) and BOS International (Australia) Limited (BOSI) (Lloyds) by Westpac Banking Corporation (Westpac). Westpac (through its subsidiary St. George) and Lloyds (through CFAL) compete in the supply of floor-plan financing to motor vehicle

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Australian Competition Authority, The Australian Competition Authority clears a merger on the market for supply of floor-plan financing to motor vehicle dealerships, point-of-sale retail finance to customers of motor vehicle dealerships and equipment finance to a range of businesses (Lloyds International / Westpac Banking), 4 décembre 2013, e-Competitions December 2013, Art. N° 61014

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