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Showing 51 - 60 of 2931 results for "Stake"

Westpac loses Ausgrid rate swap case

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... entities. The swap was related to managing interest rate risk associated with the consortium's acquisition of a majority stake in Ausgrid, purchased from the NSW government. In May 2021, ASIC commenced civil proceedings against Westpac for insider trading ...

Norway's oil fund returns 16% in 2023

JAMIE WILLIAMSON  |  WEDNESDAY, 31 JAN 2024
Norway's sovereign wealth fund has reversed its fortunes, clocking a 16.1% return for 2023 following the -14% it recorded the previous year. Norges Bank Investment Management reported the Government Pension Fund Global raked in a return of $322 billion ...

WAM Leaders to make bid for QV Equities

CHLOE WALKER  |  WEDNESDAY, 31 JAN 2024
... exchanging one share of WAM Leaders for every 1.4675 shares of QVE. Entities associated with WAM Leaders already own a 15.8% stake in QVE. "Since listing in August 2014, QVE's investment portfolio has underperformed," WAM Leaders said. "If this offer ...

JPMAM partners with NZ wealth firm

KARREN VERGARA  |  TUESDAY, 30 JAN 2024
... our clients." CIP has 19 locations across New Zealand and services more than 65,000 clients. In 2015, CIP acquired a 40% stake in Wilson HTM, which is now Wilson Advisory, while Deutsche Bank gained a 20% share. It marked CIP's first expansion in Australia. ...

Tokenisation is the future: Northern Trust

CHLOE WALKER  |  TUESDAY, 30 JAN 2024
... fast, if not faster, than previous technological advances. "This further reinforces the need to embrace the innovation and stake of perpetual change that we are now immersed in, with a toolkit that is deeper and wider to bring generational change to ...

IFM offloads stake in payment software business to Autodesk

ANDREW MCKEAN  |  TUESDAY, 30 JAN 2024
IFM Investors has reached an agreement to divest its stake in construction payment software business Payapps, previously known as Zuuse, to Autodesk. Since 2020, IFM's private equity funds has held a significant minority share of Payapps, with an initial ...

Diverger shareholders welcome Count takeover

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2024
... interest basis at between $1.19 and $1.39 per Diverger Share," he said. Diverger's largest shareholder, HUB24 with a 34.4% stake, together with Harvest Lane Asset Management (5.7%), and Kevin White and associates (4.8%), in the past flagged their ...

Gannet Capital increases Touch Ventures stake

JAMIE WILLIAMSON  |  TUESDAY, 23 JAN 2024
Gannet Capital now owns 19.99% of the venture capital group, with Glenn Poswell taking up a board seat. Touchcorp, a subsidiary of Block Inc., sold its 19.99% interest in the company, with Gannet Capital buying up most of its shares. It brings Gannet ...

Commerzbank acquires Aquila Capital

JAMIE WILLIAMSON  |  TUESDAY, 23 JAN 2024
Commerzbank is expanding into sustainable asset management, taking a majority stake in Aquila Capital for an undisclosed figure. Commerzbank will acquire 74.9% of the renewable energy-focused manager, while the remaining stake stays with Aquila's parent ...

Australian Ethical super chief goes for growth in 2024

ANDREW MCKEAN  |  TUESDAY, 23 JAN 2024
Australian Ethical is transitioning its administration to Grow Inc in 2024, while also aspiring to accelerate growth in response to an increasing preference for ethical investments, says chief executive of superannuation Ross Piper. In an interview ...