Insignia Financial shareholders back $2.3 billion CC Capital bid (updated)
13/04/2026 04:30
Adds further details, share moves in paragraph 5 April 13 (Reuters) - Shareholders of Australia's Insignia Financial IFL.AX voted in favour of a A$3.3 billion ($2.32 billion) takeover by investment manager CC Capital Partners, an exchange filing showed on Monday. Insignia said 98.65% of votes cast backed the scheme resolution. The financial services firm, third-largest player in Australia's superannuation sector, agreed last July to CC Capital's A$4.80 per-share offer, bringing an almost eight-month takeover pursuit to a close. Insignia said it received eight bids from Bain, CC Capital and Brookfield Capital Partners since December 2024. Shares in Insignia were up around 0.4% at A$4.785 as of 0311 GMT. ($1 = A$1.4215) (Reporting by Sneha Kumar in Bengaluru; Editing by Sumana Nandy and Subhranshu Sahu) ((Sneha.Kumar@thomsonreuters.com;))
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