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Showing 41 - 50 of 364 results for "divestment"

Cbus divests renewable asset

ELIZA BAVIN  |  THURSDAY, 6 FEB 2025
Cbus and CVC DIF - the infrastructure strategy of global private markets manager CVC - have agreed to the sale of 1 GW portfolio of Australian renewable energy assets to Potentia Energy for an unknown sum. The geographically and technologically diverse ...

Lendlease makes $235m divestment

ELIZA BAVIN  |  FRIDAY, 31 JAN 2025
Lendlease has entered into a binding agreement with Sojitz Corporation, a diversified Japanese trading company, for the sale of Capella Capital for a consideration of $235 million. The sale adds to the $1.9 billion of announced capital recycling initiatives ...

AMP completes advice licensees sale

KARREN VERGARA  |  MONDAY, 2 DEC 2024
AMP has finalised its divestment of three licensees and support service business to Entireti and AZ NGA as the new owners unveil a revamped leadership team. Some 950 advisers across AMP Financial Planning, Hillross, and Charter Financial Planning now ...

HESTA red flags MinRes for governance failures

ANDREW MCKEAN  |  FRIDAY, 8 NOV 2024
... framework considers voting against director elections, supporting or filing shareholder resolutions, and considering divestment where HESTA deems there's inadequate progress in addressing risks. Blakey said, however, that the MinRes board has a critical ...

Macquarie reports $1.6bn net profit

ANDREW MCKEAN  |  FRIDAY, 1 NOV 2024
Macquarie Group has posted a net profit of $1.6 billion for the half year ended September 30, marking a 14% increase from the previous corresponding period. Macquarie managing director and chief executive Shemara Wikramanayake said improved performance ...

AMP's MyNorth sees inflows rise 76%

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... aligned and independent advisers, which helped drive the positive update. George also provided an update on the group's divestment of its advice business. AMP announced back in August that it would sell its advice licensees and support services business ...

ACCC approves Lendlease, Stockland property deal

ANDREW MCKEAN  |  FRIDAY, 27 SEP 2024
... Reach masterplanned community project near Dapto in the Illawarra. ACCC commissioner Philip Williams said without the divestment, the proposed acquisition would've combined the largest masterplanned community projects in an already concentrated Illawarra ...

ASX-listed firm invests with Osmosis

KARREN VERGARA  |  WEDNESDAY, 11 SEP 2024
... maintaining tight country, industry, and sector weights to the benchmark the fund addresses concerns that fossil fuel divestment products can lead to inadvertent concentration risk in certain sectors," Dear said. The sustainable fund manager based in ...

Elanor shakes up leadership, sells down fund

KARREN VERGARA  |  TUESDAY, 10 SEP 2024
... will continue as the Responsible Entity and manager of ECF. The Elanor Property Income Fund (EPIF) has progressed its divestment of one asset, while two others are at the stage of exclusive due diligence. The board expects all EPIF assets to be divested ...

Investment firm becomes cornerstone investor in Finexia

ANDREW MCKEAN  |  TUESDAY, 27 AUG 2024
... divest its equities business and exclusively focus its business strategy on private credit. It said the details of this divestment will be released to the market in the coming weeks upon finalisation of terms.