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

Search Results

Showing 931 - 940 of 3461 results for "Stake"

DTCC poaches longstanding BNY Mellon executive

CHLOE WALKER  |  TUESDAY, 26 APR 2022
The Depository Trust & Clearing Corporation (DTCC) has appointed Francis (Frank) La Salla as president and chief executive of the company, effective August 12. La Salla joins DTCC following a 28-year career at BNY Mellon, where he held several senior-level ...

Elon Musk buys Twitter for $61.4bn

ANDREW MCKEAN  |  TUESDAY, 26 APR 2022
... said with Musk becoming involved in yet another time-consuming venture, he could potentially sell down part of his 9.1% stake, that's valued at over US $90 billion.

UBS Australia could be banned from Papua New Guinea

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 APR 2022
... accused of threatening PNG officials to pressure them to go through with the loan. PNG pledged, among other assets, its 14.7% stake in Oil Search to raise $1.7 billion. Oil Search is a PNG-based company which has since merged with ASX-listed Santos. ...

Caddick's husband chases payday

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 APR 2022
The former hairdresser husband of missing, presumed deceased, fraudster Melissa Caddick is continuing to pursue a stake of the wealth Caddick dishonestly amassed - despite ASIC attempting to claw back funds for victims. Anthony Koletti has been married ...

MaxCap Group expands direct investment team

ANDREW MCKEAN  |  TUESDAY, 12 APR 2022
Real estate financier MaxCap Group has announced that Adam Cook has joined its direct investment team as director. Cook will report to MaxCap's head of direct investment Simon Hullet and be responsible for originating new equity investment opportunities ...

Lazard AM chief executive to retire

JAMIE WILLIAMSON  |  THURSDAY, 7 APR 2022
The chief executive of Lazard Asset Management is set to retire after 20 years in the role, with a successor named. Ashish Bhutani has decided to retire as chief executive of the asset management business to pursue philanthropic and personal interests ...

Charter Hall, pension fund buy out Irongate

CHLOE WALKER  |  FRIDAY, 1 APR 2022
... Scheme Implementation Agreement (SIA) to acquire Irongate Group (IAP). Under the transaction, Charter Hall will own a 12% stake in the partnership, with PGGM owning the remaining 88% interest. Charter Hall has also agreed to acquire IAP's funds management ...

AustralianSuper in $3.58bn telecoms acquisition

JAMIE WILLIAMSON  |  FRIDAY, 1 APR 2022
... owned 70% of Axicom since November last year, having acquired it from Singtel. Following this acquisition, AustralianSuper's stake in the combined ATN/Axicom business will be 82%. Axicom's shareholders were a consortium led by Macquarie Infrastructure ...

Aware increases stake in Lendlease retirement trust

CHLOE WALKER  |  FRIDAY, 1 APR 2022
Aware Super has agreed to buy an additional 24.9% of the Lendlease Retirement Living Trust for $490 million. The industry fund acquired an initial 25% interest in the entity a year ago for $460 million. Upon completion, Aware Super will hold a 49.9% ...

ASIC extends relief for retirement estimates

CHLOE WALKER  |  THURSDAY, 31 MAR 2022
ASIC has extended the relief for superannuation trustees who give their members retirement estimates as part of their periodic statements. The existing relief has been extended for a period of nine months, which the regulator said will allow superannuation ...