The financial services assets of MFS Limited may be acquired by City Pacific Limited.
MFS today confirmed to the Australian Securities Exchange that it had received an approach from City Pacific Limited that could result in an offer to acquire assets with MFS’ financial services business.
It said MFS had agreed to allow City Pacific to undertake due diligence on those assets, which include the Premium Income Fund.
MFS chief executive Craig White said discussions with City Pacific would be held in conjunction with the strategic review of MFS’ business, including a review of its financing and operating structures.
