What does Mr Higgins think about that??
Printable View
BusinessDesk and Stuff are reporting that Partners Life has been sold for $980m to Dai-ichi. Sale costs quoted as being $30m, so $950m net.
https://businessdesk.co.nz/article/f...chi-in-1b-deal
https://www.stuff.co.nz/business/ind...panese-insurer
According to the Companies Office Rangatira own 4.93% of Partners Life, so presumably a good pay day coming. I note an upward revaluation of the Partners Life investment was included in the June valuation update, so presumably most of the gain already reflected.
Coupled with the current capital raise of $35 to $50m, Rangatira will have a great war chest to chase some new investments.
Annual report
https://www.usx.co.nz/uploads/paperc...pdf?1688071050
Mr Higgins ain't going to be pleased.....
https://www.usx.co.nz/uploads/paperc...pdf?1690844557
https://prod-trade.usx.co.nz/api/fil...672eb5d76d.pdf
Interesting investment - don't think they have anything in this industry already??