News

Tower builds a bridge across the Tasman

Tuesday 5th of September 2000
Tower's latest deal has shown that it plans to grow its funds management business in Australia by buying existing distribution.

Group managing director James Boonzaier said on Tuesday that the company had bought Bridges, one of Australia's leading master trust and financial planning groups, for $226 million (A$168 mill).

The purchase price of A$168m represents 6.4% of funds under ma...

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