Deal: Kina Securities Limited (Kina Bank) has successfully acquired 100 per cent of Westpac’s branch operations and employees in Fiji and Westpac’s 89.91 per cent stake in Westpac - PNG - Limited, subject to regulatory approvals and other conditions precedent.

Value: $420 million.

Area: M&A.

Key players: The team advising Kina Bank was led by partner and head of Dentons’ Port Moresby office, Stephen Massa, supported by senior associate Rachel Austin.

Corporate partner Kym Livesley and managing associate Urvashi Seomangal advised on the ASX and PNGX aspects of the transaction.

Deal significance: This transaction follows on from Dentons acting for Kina Bank earlier this year on its capital raising on the ASX and PNGX.

Commenting on the deal, Mr Massa said Dentons was proud to have worked on yet another deal that would further strengthen the economic opportunities for the Pacific region.

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“Dentons has had a continued presence in Papua New Guinea for more than 50 years,” he said.

“We are delighted to have supported Kina Bank in this deal that will help continue to secure the prosperity for PNG and the Pacific more broadly.”