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Showing 1781 - 1790 of 3466 results for "Stake"

Daido Life buys stake in life insurer

KARREN VERGARA  |  WEDNESDAY, 6 JUN 2018
Japanese life insurer Daido Life acquired a 14.9% stake in an Australian life insurer in an effort to expand offshore. Daido Life invested $13 million in the newly launched Integrity Group, the owner of Integrity Life. Worth $18 billion, Daido Life ...

Cromwell appoints new director

KANIKA SOOD  |  MONDAY, 4 JUN 2018
... executive. David Blight is getting a seat on the Cromwell board after the Singapore-based ARA Asset Management acquired a 19.5% stake in Cromwell Property Group in March. Blight is the chief executive and managing director for ARA's Australian business. ...

Molopo board ousted at AGM

ALEX BURKE  |  FRIDAY, 1 JUN 2018
... than $175,000. Keybridge recently said its "concerns have now turned to outrage" as Molopo, in which it has a 20% ownership stake, revealed another US$23 million transaction in an asset the manager considers worthless. This transaction with Drawbridge ...

Pengana partners with credit boutique

KANIKA SOOD  |  FRIDAY, 1 JUN 2018
Pengana Capital, which specialises in listed equities, is acquiring a minority stake in a boutique credit investment manager that offers credit funds for high-net-worth investors. Global Credit Investment (GCI) is a specialist fixed income and credit ...

ASX invests in e-property settlements business

KANIKA SOOD  |  THURSDAY, 31 MAY 2018
... company as it eyes the $200 million industry. The exchange operator will invest $30 million in Sympli Australia for a 50% stake. The other half of Sympli will be owned by Australian Technology Innovators (ATI), the parent company of InfoTrack which already ...

Super scorecard to shift consumer playing field

DARREN SNYDER  |  THURSDAY, 31 MAY 2018
An independent think tank is launching a sustainable retirement scorecard as a self-assessment tool for superannuation funds to benchmark performance in managing members' retirement. The Committee for Sustainable Retirement Incomes (CSRI) is introducing ...

Industry stakeholders welcome PC report

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAY 2018
The Financial Services Council welcomes key recommendations made in the Productivity Commission's assessment of superannuation efficiency and competitiveness. It agrees consumer outcomes could be significantly improved. A central finding of the PC report ...

Global investment giant to acquire Investa fund

ALEX BURKE  |  MONDAY, 28 MAY 2018
... unitholders and in the absence of a superior proposal," Investa said. Late last year, Cromwell Property Group sold its entire stake in IOF to Investa for 59.3 million shares at $4.65 per security. The $276 million purchase increased Investa's holding ...

Molopo restrained ahead of AGM

ALEX BURKE  |  THURSDAY, 24 MAY 2018
... general meeting. Keybridge recently said its "concerns have now turned to outrage" as Molopo, in which it has a 20% ownership stake, revealed another US$23 million transaction in an asset the manager considers worthless. This transaction with Drawbridge ...

CBA sells interests in Chinese insurer

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAY 2018
Commonwealth Bank has offloaded its stake in a Chinese life insurance joint venture for $668 million. CBA sold its 37.5% equity interest in BoComm Life Insurance to Japanese insurer Mitsui Sumitomo as per a condition of the bank's sale of its Australian ...