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Company News Summary

Pendal Group Takes Full Ownership of Regnan

07 Feb 2019  |  10:05:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Pendal Group takes full ownership of Regnan

Pendal Group confirmed it will acquire the remaining 50% stake in Regnan to bring its ownership to 100%. Co-founder, Commonwealth Superannuation (CSC), will cease to be a shareholder. The transaction is not material to the Company financials. Closer alignment with Regnan will support Company's objectives to improve investor outcomes through a continued focus on stewardship. Further, making Regnan part of the Company will enhance Regnan's capability and service proposition to its clients by enabling it to leverage the fundamental insights of an investment management organisation, across equities, fixed income and multi-asset portfolios.

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