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National Australia Bank (NAB) Chief Executive Frank Cicutto (L) shakes the hand of real estate...

IMAGE number
REU7502429
Image title
National Australia Bank (NAB) Chief Executive Frank Cicutto (L) shakes the hand of real estate group.., 2000-04-10 (photo)
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Photographer
Mark Baker
Medium
photograph
Date
2000 AD
Shooting Date
2000-04-10
Image description

National Australia Bank (NAB) Chief Executive Frank Cicutto (L) shakes the hand of real estate group, Lend Lease Corp Ltd's (LLC) Chief Executive David Higgins (R) as MLC Managing Director Peter Scott (C) looks on following a news conference to announce NAB's acquisition of LLC's funds management group, MLC for A$4.56 billion April 10. NAB, Australia's biggest bank, is expecting the merger to make them Australia's third largest funds manager and would boost the bank's earnings per share by almost three percent on a pro forma basis and would provide pre-tax cost and revenue synergies of A$138 million within three years.

Photo credit
REUTERS/Mark Baker / Bridgeman Images
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