Macquarie takes stake in originator

By Staff Reporter• Wednesday, 17 Apr 2013•2 min read

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Staff Reporter

Australia’s biggest mortgage originator has sold a 20 per cent stake in its business to Macquarie Group.

Yesterday, Homeloans announced via a statement on the ASX, that Macquarie Group had taken a 19.84 per cent stake in the mortgage company.

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According to Homeloans’ ‘notice of initial substantial holder’, posted on the ASX, Macquarie bought the stake from Challenger Group who has now ceased being a major shareholder and paid $20.1 million.

The trade was done at 95 cents a share.

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