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Non-bank takes stake in building society

by Staff Reporter7 minute read
The Adviser

Staff Reporter

FirstMac has taken a minor stake in one of Australia’s leading building societies.

According to an ASX announcement by the company, the non-bank lender took an 8.5 per cent interest in The Rock Building Society yesterday.

FirstMac’s managing director Kim Cannon said the company lodged the shareholder’s notice in a bid to help The Rock achieve its strategic objectives.

“The FirstMac Group is supportive of the new Board and Management of The Rock,” he said.

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