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Showing 1 - 4 of 4 results for "ADIC"

Challenger settles real estate unit divestment

KARREN VERGARA  |  MONDAY, 10 JUL 2023
... would not transfer to the new owners, the price tag dropped to $37.7 million. Incidentally, Abu Dhabi Investment Council (ADIC) became an acquirer, securing a 3% stake in Elanor. Challenger now has a 14% stake in Elanor, down from the 18% stake it originally ...

Challenger lowers stake in Elanor

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... secure a 3% stake in the transaction. Challenger will transfer 4.5 million out of the 24.8 million shares due to be issued to ADIC. The sale price was originally agreed at $41.8 million and then reduced to $37.7 million. Challenger's remaining 20.3 ...

PSS reduces premiums

RUTH LIEW  |  TUESDAY, 6 OCT 2009
... start of last month. "This follows our recent negotiation with AIA Australia Limited - the insurance company who underwrites ADIC," noted a statement from the fund. AIA is the restructured Australasian operations of AIG. Members of the defined benefit ...

Abu Dhabi opens investment doors

MARK STORY  |  MONDAY, 19 MAY 2008
... house an outlet of the Cleveland Clinic, a US teaching hospital. It's understood that the Abu Dhabi Investment Authority (Adic), which was established in 1977 to focus on regional and domestic investments now aims to act more like an investment bank. ...
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