NAB initiates sale of Great Western Bank via IPO

Share

Share

National Australia Bank intends to sell a minority stake in its US-based subsidiary Great Western Bank (GWB) through an initial public offering (IPO) of shares in the US.

NAB plans to sell 100% of GWB over time, subject to market conditions.

NAB Group Chief Executive Officer Andrew Thorburn said plans to sell Great Western Bank were consistent with NAB’s strategy to focus on its core franchises in Australia and New Zealand.

For more information, visit our shareholder centre or download the ASX announcement.

Announcements

SEE ALL TOPICS

Related Articles

  • Full Year Results

NAB 2021 Full Year Results

NAB Group Chief Executive Officer Ross McEwan today released NAB’s 2021 Full Year Results and Annual Review.

  • 09.11.2021
  • Time to read 1 min read
  • Announcements

Port of Newcastle Hydrogen Hub

  • 08.11.2021
  • Time to read 1 min read
  • Climate

NAB receives HRH The Prince of Wales’ Terra Carta Seal in recognition of commitment to creating a sustainable future

NAB was awarded the inaugural 2021 Terra Carta Seal by His Royal Highness the Prince of Wales at the UN Climate Change Conference (COP26) in Glasgow.

  • 04.11.2021
  • Time to read 2 min read

Quick links

National Australia Bank — NAB

Sometimes When The Unexpected Happens, We Realise What We Truly Value. Whether A Home, Farm, Business Or Your Passion, NAB Is Here To Support You.

Business Research and Insights

For more business news and analysis, visit NAB’s Business Research and Insights.