News

Grosvenor sets sights on NZ and KiwiSaver

Monday 11th of November 2013

The company, last week, made a takeover offer to acquire all the shares in its listed Australian business Tranzact.

Tranzact is 60% owned by Grosvenor and has two businesses; the Camelot advisory business in New Zealand and an Australian master trust business. Earlier this year it sold its SMSF administration business to an AMP-owned firm.

The offer at A12c a share is a premium on...

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