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Mergers and Acquisitions

30 April 2024 • By Jessica Penny • 1 min read

Challenger completes banking arm sale to Heartland Group

Heartland Group’s New Zealand banking subsidiary has completed its acquisition of Challenger Bank. Effective 1 May, Challenger Bank will begin ...

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NAB completes strategic move in New Zealand

NAB has announced the completion of the sale of its New Zealand wealth management businesses to FirstCape. National Australia Bank Limited (NAB) ...

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Link shareholders back $1.2bn takeover

The firm has set its sights on approval from the NSW Supreme Court after shareholders have given the green light on its proposed acquisition

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Consumer watchdog given M&A oversight powers under sweeping reforms

All merger proposals will have to be approved by the consumer watchdog under the sweeping merger reforms announced by the government on Wednesday

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KKR sheds 40% stake in Findex

A private equity firm will acquire KKR’s 40 per cent stake in Findex as the wealth management and advisory firm seeks to triple in size in the next ...

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‘Big win’ for Queensland: ANZ’s acquisition of Suncorp greenlit by tribunal

A tribunal has ruled on whether ANZ can proceed with its $4.9 billion plan to take over Suncorp Bank. The Australian Competition Tribunal quashed ...

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WAM Leaders pursues off-market takeover following rejection

The Wilson Asset Management-owned investment firm has confirmed its intention to acquire listed company QV Equities, after the latter rejected its ...

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Major moves in the M&A arena

A number of significant mergers and acquisitions have taken place during the past year, while others have fallen flat or are still pending

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Link shares soar following $1.2bn takeover bid

Japanese financial services giant Mitsubishi UFJ Financial Group has agreed to acquire Link Group in a deal worth $1.2 billion. Shares in Link ...

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WHSP gains foothold in Perpetual post-takeover rejection

Washington H. Soul Pattinson has acquired more than 5 million shares in Perpetual since lobbing a takeover offer for the ASX-listed global financial ...

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