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Showing 1281 - 1290 of 3464 results for "Stake"

AMP Capital buys digital infrastructure firm

KARREN VERGARA  |  WEDNESDAY, 23 SEP 2020
AMP Capital will acquire a majority stake in a Swedish technology company, adding to its growing infrastructure equity portfolio. AMP Capital will be a majority shareholder in VX Fiber, which provides fibre-to-the-premises (FTTP) networks by partnering ...

Government increases fees for foreign investment

ANNABELLE DICKSON  |  MONDAY, 21 SEP 2020
Treasury has announced another tranche of reforms to the Foreign Investment Review (FIRB) Framework. The latest reforms amend the fee framework, increasing fees for foreign investment applications for commercial businesses, agricultural land and residential ...

Sanlam withdraws from 8IP relationship

KANIKA SOOD  |  MONDAY, 21 SEP 2020
Sanlam Private Wealth says it has terminated its agreement with Eight Investment Partners. In January 2019 the two entered a strategic support agreement, with Sanlam to provide middle office services to 8IP, which was founded in 2009 by Kerry Series. ...

Praemium to acquire remaining Powerwrap shares

ALLY SELBY  |  MONDAY, 21 SEP 2020
Praemium is set to add to its 92.31% stake in Powerwrap, as it moves to acquire its outstanding shares on issue. Compulsory acquisition notices will be dispatched to Powerwrap shareholders tomorrow, Praemium says, unless they accept the offer by 7.00pm ...

AMP Capital sells clean energy company

KARREN VERGARA  |  MONDAY, 21 SEP 2020
AMP Capital is selling off its entire stake in a European provider of clean energy solutions for an undisclosed figure. AMP Capital and Infracapital, the infrastructure equity investment arm of M&G Plc, became co-owners of Adven in January 2016, taking ...

End of Super Complaints Tribunal nears

ELIZABETH MCARTHUR  |  MONDAY, 21 SEP 2020
The Superannuation Complaints Tribunal (SCT) will cease to exist at the end of this year, with the Australian Financial Complaints Tribunal (AFCA) seeking to handle any remaining complaints currently with the SCT. AFCA has opened consultation on changing ...

Zenith hires consultants from Lonsec

KANIKA SOOD  |  FRIDAY, 18 SEP 2020
... important for our ongoing service commitment to advisers and their clients." Lonsec yesterday announced it would sell 37% stake to ASX-listed Generation Development Group for a total consideration of about $26 million.

Industry, APRA mull super merger costs

JAMIE WILLIAMSON  |  THURSDAY, 17 SEP 2020
Superannuation industry stakeholders are in talks with the prudential regulator to devise a lower cost option for fund mergers, with smaller funds currently facing the potential of being priced out of merger opportunities. Appearing as part of a session ...

CalPERS scrutinises CIO personal investments

KARREN VERGARA  |  THURSDAY, 17 SEP 2020
... of prohibited companies. Reports from also US claim Meng was personally invested in a private equity firm CalPERS has a stake in. The board said that: "Government code 87100 clearly prohibits all public officials at any level of state or local government ...

Aware Super joins forces with Dutch pension fund

ALLY SELBY  |  THURSDAY, 17 SEP 2020
... Following the agreement, APG and Aware Super hold an equal economic interest in City ID, which the Dutch pension fund acquired a stake of in 2019. The "significant equity commitments" will allow the aparthotel provider to expand across other major European ...