86 400, ADI license, APRA, NAB
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This determination follows the acquisition of 86 400 Ltd by National Australia Bank Limited (NAB) in May 2021.
86 400, NAB, NAB acquisition
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National Australia Bank Limited (NAB) will proceed with acquisition of neo bank 86 400 following Federal Court approval.
86 400, ASX:NAB, NAB acquisition, neo bank
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The Australian Prudential Regulation Authority (APRA) granted approval to NAB to hold a 100% stake in neo bank 86 400 Holdings Ltd.
86 400, ASX:NAB, digital bank, neo bank
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The ACCC will not oppose the proposed acquisition of neo bank 86 400 Holdings Ltd by National Australia Bank Limited.
86 400, NAB, National Australia Bank, neo bank
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NAB expects the total cost of acquiring the remaining shares in 86 400 to be up to approximately $220 million.
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