Business Services Industry
Bluestone opens its books for suitors.
Australasian Business Intelligence, July, 2005
Jul 10, 2005 (The Sydney Morning Herald - ABIX via COMTEX)
Australian lender, Bluestone Mortgages, is looking to sell between 35 and 45 per cent of the company. CEO Alistair Jeffery would not say which parties were interested, but Citigroup and Westpac have taken themselves out of the running. It is believed that GE and ANZ Bank are looking at the company. Bluestone is seeking a strategic partner after deciding not to go ahead with its plans to list on the Australian stock exchange. About 40 per cent of the company is owned by venture capitalist, RMB Ventures, the Liberman family and Crescent Capital.
Publication Date: 11 July 2005
BLUESTONE MORTGAGES:
BLUESTONE GROUP PTY LTD:
GE CAPITAL AUSTRALIA:
GENERAL ELECTRIC COMPANY:...
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