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Showing 971 - 980 of 3463 results for "Stake"

Hostplus and Maritime Super explore merger

ELIZABETH MCARTHUR  |  FRIDAY, 18 FEB 2022
Hostplus and Maritime Super have signed a memorandum of understanding, entering into merger discussions. The funds have an existing partnership, Maritime Super entered into a strategic outsourcing arrangement by moving the management of its investment ...

CSLR will not fully protect investors

KARREN VERGARA  |  WEDNESDAY, 16 FEB 2022
With the proposed Compensation Scheme of Last Resort regime closer to passing, there are fears it will fall short of protecting consumers. The Senate Economics Legislation Committee released a summary of the proposed bill, with input from industry stakeholders ...

The Advisers Association appoints chair

CHLOE WALKER  |  WEDNESDAY, 16 FEB 2022
The Advisers Association (TAA) appointed Queensland-based Bill Beimers as its new chair. Beimers is the founder and managing director of SEQ Advice, a Queensland-based financial advice and services practice. Beimers has served on the TAA board as vice ...

Blackstone agrees $8.9bn deal with Crown

CHLOE WALKER  |  WEDNESDAY, 16 FEB 2022
Crown has accepted Blackstone's latest takeover bid for the Australian casino giant, totalling $8.9 billion. The US private equity firm is offering $13.10 cash per Crown share, which is around 11% higher than its initial approach for the company ...

ASIC considering more action on Sterling collapse

KARREN VERGARA  |  MONDAY, 14 FEB 2022
Corporate regulator ASIC is being urged to take more action with respect to the collapse of the Sterling Income Trust. A senate committee that recently handed down its final report in its inquiry into the collapse of the Sterling Income Trust is urging ...

Proxy advice reforms defeated

RACHEL ALEMBAKIS  |  FRIDAY, 11 FEB 2022
The Senate has overturned proxy advice reforms announced at the end of last year, three days after the new regime had begun. On a vote of 29 votes to 25, the Senate disallowed the new regulations that were announced by Treasurer Josh Frydenberg in December ...

Link REIT, Oxford ink $2.3bn office portfolio deal

CHLOE WALKER  |  FRIDAY, 11 FEB 2022
... Gateway Office (IGO) venture, which consists of a prime office portfolio worth over $2.3 billion. Link will own a 49.9% stake, while Oxford will hold a 50.1% stake in the venture that consists of five prime office assets in Australia's core markets ...

Pinnacle folds boutique

KARREN VERGARA  |  THURSDAY, 3 FEB 2022
Pinnacle Investment Management shuttered one of its affiliates just two years after it acquired a stake. Reminiscent Capital, a discretionary Asian macro strategy, folded in November 2021, resulting in a $1.8 million write off. Pinnacle hoped that Reminiscent ...

CFS awards platform technology mandate

KARREN VERGARA  |  THURSDAY, 3 FEB 2022
... in Australia and over $2 trillion in assets globally," he added. Late last year, Commonwealth Bank relinquished its 55% stake in CFS to KKR. The FirstWrap revamp is the first major project CFS is focusing on under its new majority owner KKR, which injected ...

Korean pension fund spends in Sydney

JAMIE WILLIAMSON  |  TUESDAY, 1 FEB 2022
... and Allianz, has acquired 50% of Commonwealth Bank Place, also known as Darling Quarter. The two paid $630 million for the stake, buying from Abu Dhabi Investment Authority. Lendlease retains its 50% stake. The entire office component of the asset is ...