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Mergers and Acquisitions

M&A

23 June 2020 • By Sarah Simpkins • 1 min read

AMP Life sale greenlit

AMP has received regulatory approval for the sale of its life insurance business. The transaction is expected to wrap up after the market closes on ...

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WA wealth managers set up merger

Two stockbroking, institutional and wealth management firms in Western Australia are looking to join forces, under a proposed merger transaction

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Westpac exits Pendal

Westpac has sold out of its residual 9.5 per cent stake in Pendal for $185.3 million, with the bank’s ongoing wealth review to potentially affect its ...

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Centuria makes play for Kiwi fundie

Centuria Capital Group has made a full takeover offer for New Zealand property fund manager Augusta Capital for NZ$130 million ($121.3 ...

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ANZ exits NZ asset financier

ANZ has sold its asset finance business in New Zealand, UDC Finance for NZ$762 million ($708.2 million) to Japan-based Shinsei Bank. The sale is in ...

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PhillipCapital exits Aus retail advice

The Australian arm of Asian brokerage firm PhillipCapital Group has sold its private wealth business to Sequoia Wealth Management, ending its ...

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Clime secures Madison

Clime Investment Management has signed off on a purchase of a number of brands previously held by embattled fintech Sargon Capital, including advice ...

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Private equity stake to prep CFS for full sale

A major bank’s sale of a majority stake in its super business to a private equity firm is likely to see the business come out leaner and more profit ...

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QIC pilots state bid for Virgin

The Queensland government has indicated it will be bidding for embattled airline Virgin Australia through its state-owned fund manager. The ...

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Investment manager offloads Brisbane shopping centre stake for $285m

An investment manager has sold its 75 per cent interest in a Brisbane shopping centre for $285 million. YFG Shopping Centres has taken full ...

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