Australia's Magellan Financial to acquire Barrenjoey Capital Partners

Magellan Financial

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;))