Briefs: NAB sells off Pengana stake, PNG based bank proceeds with listing plans
National Australia Bank has sold a 49 per cent stake in asset manager Pengana Capital, the AFR reports. Washington H. Soul Pattinson is the buyer. Bank of South Pacific is believed to be proceeding with a plan to seek a dual listing on the ASX as well as its home market in Port Moresby, the AFR reports. On Monday it reported a 21 per cent rise in net profit to K643.5 million (A$267.5 million) for the 2016 calendar year.