Acquirer(s)
- National Australia Bank Ltd (NAB)
Target(s)
- Challenger Financial Services Group Limited
Summary
National Australia Bank (NAB) proposed to acquire Challenger's mortgage management business including:- the Choice, PLAN and FAST broker distribution platforms;
- Challenger's "white label" wholesale mortgage business; and
- a portion of Challenger's residential mortgage portfolio.
Market definition
Please refer to Public Competition Assessment.Competition analysis
Please refer to Public Competition Assessment.Public competition assessment
| Document title | Date | |
|---|---|---|
| Public Competition Assessment |
Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Review Process Guidelines. |
|
Closing date for submissions from interested parties. |
|
ACCC announced it would not oppose the proposed acquisition. |