Challenger Limited (ASX:CGF) has acquired specialist non-bank residential mortgage lender Bluestone Home Loans for AU$597 million, the New Zealand Herald reported.
The sale follows approval from the Overseas Investment Office in November 2024 for Challenger Limited, through its New Zealand-registered entity Challenger NZ HoldCo1, to acquire Bluestone Mortgages' New Zealand residential mortgage loan portfolio, the report said.
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