Centuria completes Primewest acquisition
Centuria Capital has completed its takeover bid with the completion of the compulsory acquisition of remaining Primewest shares.
In an announcement to the Australian Securities Exchange (ASX), it said it now owned 100% of Primewest.
In April, Centuria entered into a bid implementation deed via an off-market takeover for Primewest.
The Primewest board represented 53% of the company’s securities and unanimously recommended to its securityholders to accept the merger.
Under the terms of the deal, Primewest securityholders would receive $1.51 per Primewest security.
The acquisition saw Centuria upgraded to the ASX 200 in July.
Recommended for you
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
