POWERED BY MOMENTUM MEDIA
Link ponders Pillar bid
Link Group has signalled it will be keeping its powder dry on a possible bid for Pillar Administration in the face of scrutiny from the Australian Competition and Consumer Commission.
The company announced to the Australian Securities Exchange (ASX) today that it had expressed interest in participating in the Pillar sale process but was currently considering its options.
"If Link Group decides to progress the bid process, it may submit a bid for the Pillar assets," it said.
"The ACCC has indicated that it will commence a public informal merger review in respect of the possible bid."
Link Group owns Australian Administration Services and in 2014 acquired Superpartners making it the dominant player in the superannuation administration space.
Recommended for you
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
62.62 3 y p.a(%)
3
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.95 3 y p.a(%)
4
Acadian Global Equity Long Short Class A
32.82 3 y p.a(%)
5
CFS FC Acadian Global Equity Long Short
32.44 3 y p.a(%)
Add new comment