GE and ANZ linked to Bluestone

GE and ANZ are rumoured as the latest front runners expected to take a cornerstone investment in Bluestone Mortgages. Citigroup and Westpac are rumoured to have walked away from making any offer. Bluestone is looking to sell a stake of between 35 and 45 per cent, with some start-up investors such as Crescent Capital, RMB Ventures, and the managing director Alistair Jeffery seeking to sell part of their holding. Jeffery said Bluestone was writing “record levels of business”.

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