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Superannuation

Independent expert says Westfield merger in investors interests

AAP  |  WEDNESDAY, 26 MAY 2004
Westfield Holdings said today that an independent expert's report showed that the proposed merger of Westfield Holdings, Westfield America Trust and Westfield Trust was in the best interests of investors.

MFS takes control of Victorian ski resorts

AAP  |  WEDNESDAY, 26 MAY 2004
Queensland-based diversified financial services group MFS has taken over ownership of Victorian ski resorts Falls Creek and Mt Hotham.

AMP reviews Equatorial Mining stake

AAP  |  WEDNESDAY, 26 MAY 2004
AMP Life said on Tuesday it was reviewing its stake in Equatorial Mining, which earlier this year received a massive payout over a failed copper project.

S&P places Lend Lease, GPT ratings on credit watch

AAP  |  WEDNESDAY, 26 MAY 2004
Standard & Poor's Ratings Services said that following the announcement of a merger between General Property Trust (GPT) and Lend Lease Corp. (LLC) it is placing the ratings on each entity on CreditWatch.

Macquarie ProLogis Trust to co-invest in portfolio

AAP  |  TUESDAY, 25 MAY 2004
Macquarie ProLogis Trust on Monday said it will invest with joint venture partner ProLogis in a $95.5 million portfolio of seven properties.

IAG opens $350mln off-market buy-back

IAG has announced details of an off-market buy-back tender for approximately $350 million as part of the company's capital management program.

Lend Lease to merge with GPT

AAP  |  TUESDAY, 25 MAY 2004
Property developer Lend Lease on Monday announced plans to merge with General Property Trust (GPT) to form a $10 billion property group.

Lend Lease and GPT expected to announced merger plan

AAP  |  MONDAY, 24 MAY 2004
Property developer Lend Lease is expected to announce today a plan to merge with General Property Trust (GPT) to form a $10 billion property group.

NAB to sell AXA commercial insurance products to UK customers

AAP  |  MONDAY, 24 MAY 2004
National Australia Bank today said it will sell AXA commercial insurance products to customers of its three United Kingdom banks, under a new strategic alliance.

Ramsay buys Benchmark Healthcare for $125mln

AAP  |  MONDAY, 24 MAY 2004
Ramsay Health Care said today that it had acquired 10 hospitals in Victoria and South Australia after agreeing to acquire all the shares in Benchmark Healthcare group for $125 million.