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BFG Aims for Full Control of Selfwealth

Bella Financial Group (BFG) is set to take complete ownership of Selfwealth following an official announcement today, signaling another significant step in the finance world.

In a strategic move detailed to the Australian Securities Exchange, BFG has declared its intention to acquire full ownership of all outstanding shares of Selfwealth. Each share is valued at 25 cents, putting the total implied value of Selfwealth at a noteworthy $57.7 million.

This acquisition is anticipated to create strategic advantages for BFG through expansion and integration within its digital broking sector. The benefits are expected to manifest through enhanced scale and synergy in both revenue and operations.

"We are excited about the synergies and growth possibilities this acquisition presents," stated Brian Wilson, BFG's chairman. Wilson confirmed that the integration plan prioritizes preserving the Selfwealth brand while continuing its development framework, thereby minimizing interruptions for existing clients.

Representing a unified front, the Selfwealth board has endorsed the acquisition proposal, urging shareholders to give their support. Such consensus highlights the potential seen in this consolidation.

For context, news of this caliber has parallels in the industry, echoing past consolidations that effectively reshaped market capacities for parties involved. BFG's approach seems tactical, considering historic successes and innovative aspirations aligned with market trends.

Despite the formalities outlining this transaction, BFG's strategic focus comes as a partially adaptive move aimed at harnessing similar alignments witnessed in previous mergers across the financial sector, providing a fresh lens on market expansion and operational efficiency strategies.

The original report and details of this acquisition were covered by the Australian Financial Review, adding a dimension of credibility and depth to BFG's keenness on executing this strategic venture.

Published:Monday, 25th Nov 2024
Source: Paige Estritori

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Finance News

Westpac Divests Auto Finance Loans to Resimac Group

16 Oct 2025: Paige Estritori

In a strategic move to concentrate on its core banking operations, Westpac Banking Corp has announced the sale of its auto finance loan book to non-bank lender Resimac Group. The transaction is valued between A$1.4 billion and A$1.6 billion and is expected to be completed by the first half of 2025. - read more

ANZ Bank Penalised A$240 Million for Regulatory Misconduct

16 Oct 2025: Paige Estritori

In a significant development within Australia's banking sector, ANZ Bank has agreed to pay a record-breaking A$240 million fine for a series of regulatory breaches. This penalty, imposed by the Australian Securities and Investments Commission (ASIC), underscores the importance of compliance and transparency in financial institutions. - read more

ASIC Commences In-Depth Review of Motor Vehicle Finance Practices

16 Oct 2025: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has embarked on a thorough review of the motor vehicle finance sector, aiming to bolster consumer protections and ensure industry-wide compliance with responsible lending obligations. This initiative is particularly focused on the experiences of borrowers in regional and remote areas, including First Nations communities. - read more

ASIC Initiates Comprehensive Review of Motor Vehicle Finance Practices

08 Oct 2025: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has commenced a thorough review of the motor vehicle finance sector, aiming to bolster consumer protections and ensure industry-wide compliance. This initiative is particularly focused on the experiences of borrowers in regional and remote areas, including First Nations communities. - read more

Macquarie Transfers $1.5 Billion Car Loan Portfolio to Allied Credit

08 Oct 2025: Paige Estritori

In a significant development within the Australian financial sector, Macquarie Group's Banking and Financial Services division has agreed to sell a substantial portion of its car loan portfolio, valued at $1.5 billion, to Allied Credit. This transaction involves over 50,000 car loans and is expected to be finalised by the fourth quarter of 2025. - read more

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