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.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.