(Reuters) - Westpac Banking Corp, Australia’s No.3 lender, on Wednesday said it was no longer in discussions for a potential sale of its Hastings Funds Management unit. Westpac has stated that it is no longer interested in selling its Hasting Fund Management business for a number of reasons , including " current external conditions " and due diligence with regard to a possible purchase of Hastings . Hastings Fund Management specialises in the acquisition of management of infrastructure , property , alternative debt and private equity .
Westpac has stated that it is no longer interested in selling its Hasting Fund Management business for a number of reasons , including " current external conditions " and due diligence with regard to a possible purchase of Hastings . Hastings Fund Management specialises in the acquisition of management of infrastructure , property , alternative debt and private equity .