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International pension funds buy London City airportBY MARK SMITH | FRIDAY, 26 FEB 2016 1:06PM
Three Canadian pension funds and the Kuwait Investment Authority have won the takeover battle for London City airport with an offer of about £2 billion ($3.9 billion).Read more: London City Airport, GIP, Kuwait Investment Authority, Boris Johnson, AIMCo, Asia, Borealis, British Airways, Cheung Kong Infrastructure Holdings, Dermot Desmond for, Gatwick, Global Infrastructure Partners, HNA, IAG, Irish, Li Ka-Shing, Ontario Teachers, Pension Plan, Willie Walsh, Wren House
IOOF expects to spend up to $32 million on paying out Buyer of Last Resort arrangements with financial advisers leaving its network, primarily from Bridges Financial Services.
Link Group is now exploring the possibility of listing PEXA despite recently flagging there was strong interest from other parties in buying the property settlement platform.
PIMCO has named a new lead for its Asia Pacific business as part of an executive shuffle announced overnight.
Even before the COVID-19 vaccine arrived in Australia, it was clear we were returning to pre-pandemic normality, and latest stats back this.
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