Wealth and Asset Management
The saga continues: Brookfield enters $1.9bn bidding war for Insignia Financial
Brookfield Asset Management joined Bain Capital and CC Capital in the race to acquire Insignia Financial, Australia’s third-largest superannuation provider, with a bid valuing the firm at AUD3bn ($1.9bn). Insignia confirmed Brookfield’s offer, which matches those previously submitted by Bain and CC Capital. Following the announcement, Insignia’s shares surged 7.6%…
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