Iress clears regulatory hurdle on OneVue acquisition
Iress has received the competition authority’s green light for the acquisition of OneVue.
Iress announced to the Australian Securities Exchange (ASX) that it had been informed by the Australian Competition and Consumer Commission (ACCC) that the competition regulator would not be opposing the acquisition.
Confirmation of the ACCC’s position followed distribution of the scheme booklet for the acquisition late last week.
The board of OneVue is recommending acceptance of the Iress offer by shareholders.
Recommended for you
The CEO of L1 Group, formerly known as Platinum Asset Management, has stepped down with immediate effect, and the asset manager has announced his replacement.
Private equity manager Scarcity Partners has backed a specialist investment manager focused on metals and mining, seeking to meet investor demand for real assets.
UK fund manager Aberdeen Investments has launched an emerging market equity strategy for Australian investors, broadening the reach of an existing strategy.
Passive ETFs are seeing stronger flows than their active counterparts despite the proliferation of active launches this year, according to Morningstar.
