News

ASB abandons Aegis sale

Wednesday 12th of January 2011

ASB head of group investments Laurie Mellsop  said the bank had decided to withdraw from any further negotiations with Perpetual and that it "is not pursuing the sale of Aegis to any other party."

Perpetual Portfolio Management chief executive officer Patrick Middleton said ASB "decided they wanted to pull it from the market" just before Christmas.

"They've obviously made a c...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.