Monday, November 06, 2006
National Australia Bank essentially rules out sale of UK operations
National Australia Bank essentially rules out sale of UK operations
Story National Australia Bank, the Australian-listed bank, has essentially ruled out a sale of its UK operations, the AFR reported.
The said NAB’s chief executive, John Stewart, made a comment that he doubted any company would pay the price he believed the UK operations were worth. There has been speculation in the past that NAB might look at selling this business.
A report in The Australian said NAB last week announced a profit of AUD 4.39bn (USD 3.38bn), an increase of 10% on the previous year.
Source Australian Financial Review, The Australian
"
Story National Australia Bank, the Australian-listed bank, has essentially ruled out a sale of its UK operations, the AFR reported.
The said NAB’s chief executive, John Stewart, made a comment that he doubted any company would pay the price he believed the UK operations were worth. There has been speculation in the past that NAB might look at selling this business.
A report in The Australian said NAB last week announced a profit of AUD 4.39bn (USD 3.38bn), an increase of 10% on the previous year.
Source Australian Financial Review, The Australian
"
