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Macquarie, KKR face off for Westpac business unit

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Macquarie Group is reportedly set to challenge Kohlberg Kravis Roberts (KKR) in the auction for Westpac’s $1 billion-plus wealth management business. Promotional material for the sale, being handled by Morgan Stanley, is expected to be released this week, according to a report by The Australian. KKR is expected to aggressively…

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