POWERED BY MOMENTUM MEDIA
Equity Trustees announces Trust Company takeover bid
Equity Trustees (EQT) has announced its intention to make an off-market takeover offer for all issued shares in The Trust Company Limited.
Discussions between the two companies had failed to broker an agreement, according to EQT chairman Tony Killen.
He said combining Equity Trustees and Trust Company was the best available corporate transaction for both companies.
"The offer will provide the opportunity for Trust Company shareholders to decide the matter," he said.
"Both groups of shareholders will access the upsides that can be realised by the combined group.
"Clients and employees will also benefit from being associated with a larger, more diversified organisation with deeper resources, broader scope and a wider range of high-quality services," he said.
The Trust Company promotes itself as the only trustee service to span Australia, New Zealand and Singapore.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
New research has shown that investing in alternative assets and using active management has, to this point, delivered strong results for Australian super funds.
Australia’s $4 trillion superannuation industry is fundamentally reshaping the nation’s external accounts, setting the stage for a more sustainable current account surplus despite weaker commodity markets.
Rest has expanded its portfolio of renewable energy infrastructure by supporting a Victorian solar farm and battery project.
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
36.96 3 y p.a(%)
3
GAM LSA Private Shares AU I
34.22 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
VanEck Video Gaming and eSports ETF (AU)
28.89 3 y p.a(%)
