Last week, with surprisingly little fanfare, Macquarie purchased 19.8% of Homeloans (ASX: HOM). Homeloans has a market capitalisation of $100 million and provides mortgage origination primarily through mortgage brokers. Interestingly, Macquarie purchased its stake from Challenger (ASX: CGF) who presumably has decided it was a non-core investment. Any ambitions Macquarie has to grasp control of Homeloans however, are going to depend on the National Australia Bank (ASX: NAB), who owns 17.8% of the company as well.
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