Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 121 - 130 of 364 results for "divestment"

NGS Super bolsters investment team

ANDREW MCKEAN  |  FRIDAY, 19 AUG 2022
... appointments complement and coincide with some recent bold moves from its investment team. This includes the fund's recent divestment of oil and gas exploration and production companies, including Woodside and Santos, and its interim target of a ...

EG private wealth syndicate sells off industrial site

CHLOE WALKER  |  WEDNESDAY, 10 AUG 2022
... per annum over a 2.5-year period. Acquired in 2020 for $18.09 million, the multi-let industrial facility is the first divestment of an EG private wealth syndicate, which has assembled a portfolio of nearly $200 million. EG head of private wealth Rodney ...

NGS Super divests oil, gas producers

RACHEL ALEMBAKIS  |  FRIDAY, 5 AUG 2022
... more than $190 million in oil and gas exploration and production companies, predominantly Woodside and Santos. The divestment is in line with the fund's announced target of a 35% reduction of Scope 1 and Scope 2 carbon emissions by 2025 within the ...

Praemium reports 92% flow increase

CHLOE WALKER  |  MONDAY, 18 JUL 2022
... the positives, Wamsteker said: "Praemium deliver solid net inflows this quarter and strong annual net inflows." "The divestment of our international business allows us to focus on our strategy to become one of Australia's largest independent specialist ...

Bendigo Bank agrees to buy ANZ margin lending book

CHLOE WALKER  |  THURSDAY, 7 JUL 2022
... through the ordinary course of operations, Bendigo and Adelaide Bank said. Disclosing the sale to the ASX, ANZ said the divestment is consistent with its simplification strategy and does not represent a material financial impact to the group. Bendigo ...

WTW appoints head of due diligence, and private equity Australasia M&A

CASSANDRA BALDINI  |  WEDNESDAY, 6 JUL 2022
Willis Towers Watson named Sarah Pendred as its head of due diligence and private equity for Australasia within its mergers and acquisitions practice. Pendred will take up the role on July 11 and report to WTW director Steve Torresan. She will be based ...

Vanguard appoints head of ESG product

RACHEL ALEMBAKIS  |  FRIDAY, 1 JUL 2022
... we've been having in engagements across our portfolios," Dixon said. "We've been targeted by activist groups for divestment, and I think one of the key nexuses we saw was that while we didn't think divestment was the best lens to talk about ...

AMP completes Resolution Life divestment

ANDREW MCKEAN  |  WEDNESDAY, 29 JUN 2022
AMP has completed the divestment of its remaining equity interest (19.3%) in Resolution Life Australasia to Resolution Life Group. The initial sale agreement, announced on 3 November 2021, was subject to regulatory approvals and other conditions precedent ...

SCA buys Centuria shopping centre portfolio

CHLOE WALKER  |  MONDAY, 20 JUN 2022
SCA Property Group acquired five shopping centres from Centuria Capital Group's subsidiary Prime West for $180 million. The portfolio, as part of two unlisted wholesale funds, comprises convenience-based shopping centres across the nation, including ...

Fossil fuel divestment bill passes California Senate

JAMIE WILLIAMSON  |  FRIDAY, 27 MAY 2022
... top 200 fossil fuel companies and require them to divest any existing holdings by 2030. The California Fossil Fuel Divestment Act passed through the state's Senate overnight and, if passed by the Assembly, will see the California Public Employees' ...