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Westpac to raise capital by divesting BTIM stake

Westpac Group will sell half of its stake in BT Investment Management (BTIM) to institutional and retail investors in a move that will raise up to $700 million and bolster its capital position.

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Read more: BTIMInvestmentWestpac GroupBT Investment ManagementBrad CooperBT Financial GroupBTIM shareholdersBTIM sharesJuly 10July 16June 16June 17June 18June 22Peter King