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Mergers and Acquisitions

M&A

24 February 2021 • By Sarah Simpkins • 1 min read

Wells Fargo to shed asset manager

Wells Fargo & Company has entered into an agreement to sell its asset management arm for US$2.1 billion ($2.6 billion).  The deal, which will ...

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Macquarie, Aware Super team up for $3.4bn telecom bid

Macquarie’s infrastructure business has partnered with Aware Super for its $3.4 billion takeover bid of telecommunications group Vocus.  Macquarie ...

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BOQ’s big scale play

Bank of Queensland is hoping that its $1.3 billion acquisition of ME Bank will give it the scale it needs to take on the ascendant big four as the ...

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BOQ to buy ME Bank

Bank of Queensland has announced it will purchase industry fund-owned ME Bank for $1.325 billion. ME Bank’s shareholders – who represent 26 ...

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Why Magellan took a punt on Barrenjoey

Upstart Barrenjoey has the makings of Australia’s next big financial institution, according to Magellan chief executive Brett Cairns and chairman ...

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QIC secures US energy provider

QIC and consortium partner Ullico have won a bid to acquire a 100 per cent interest in the US business of Enwave Energy.  Enwave Energy provides ...

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NAB buys neobank

In a sign of the times, NAB will buy one of the upstart challengers looking to reshape banking and finance in Australia. NAB will buy neobank 86 ...

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Perpetual sets sights on international expansion

Perpetual took a slight hit in Australia through the December quarter, but the company has forecast further international growth following its two ...

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AIA to finalise CommInsure acquisition

Life insurer AIA Australia is set to transfer members across from the Commonwealth Bank’s life insurance and investments business, CommInsure Life

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Tech group backs off on Link takeover

A US-listed technology company has withdrawn its bid for the Australian super administration group after its board said the price offered was not high ...

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