Australia's Magellan Financial to acquire Barrenjoey Capital Partners
01/03/2026 21:27
March 2 (Reuters) - Australia's Magellan Financial Group MFG.AX said on Monday that it will acquire all the issued shares that it does not currently own in Barrenjoey Capital Partners at an implied value of A$903 million ($636.52 million). This value excludes the A$148.9 million Magellan Financial will pay to Barclays for an additional economic interest of around 10% in Barrenjoey. ($1 = 1.4186 Australian dollars) (Reporting by Sneha Kumar in Bengaluru; Editing by Bill Berkrot) ((Sneha.Kumar@thomsonreuters.com;))
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