Westpac has said that it is no longer interested in selling its Hasting Fund Management unit for a number of reasons, including "current external conditions" and due diligence with respect to a possible purchase of Hastings. The company also cited the fact that Hastings had been acquired by another fund management company, which was not part of Westpac's portfolio.
Westpac has said that it is no longer interested in selling its Hasting Fund Management unit for a number of reasons, including "current external conditions" and due diligence with respect to a possible purchase of Hastings. Hastings Fund Management specialises in the acquisition of management of infrastructure, property, alternative debt and private equity.