Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Scheme implementation deed (SID) to acquire Calliden Group

Steadfast enters into a scheme implementation deed (SID) to acquire Calliden Group

Steadfast to acquire eight agencies expected to deliver cash EPS accretion of 10% in first full year

Immediate on-sale of the general insurance operations and part of the agency operations to Munich Holdings of Australasia (MHA), a subsidiary of Munich Re

Scheme values Calliden at $105.4 million based on cash consideration of 41.5 cents per share and an anticipated special dividend of 5.0 cents per share

Strengthens partnership with Munich Re and Great Lakes Australia

For more details, please refer to the ASX announcement attached. A copy of the SID can be found attached to the announcement in the Investor section of our website atwww.steadfast.com.au


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

'Irregular Accounting': Voluntary Suspension Of Fuji Xerox Govt Contracting

This suspension gives the Ministry of Business, Innovation, and Employment time to understand the full implications of the report from FUJIFILM Holdings into irregular accounting practices at FXNZ. More>>

ALSO:

MPI: Cow Disease Detected In NZ For First Time

MPI is responding to the detection of the cattle disease Mycoplasma bovis in a dairy herd in South Canterbury... The disease is commonly found in cattle globally, including in Australia, but it’s the first detection of it in New Zealand. More>>

South Island Flooding: Focus Moves To Recovery

As water recedes throughout flood-impacted areas of the South Island, Minister of Civil Defence Nathan Guy has praised the efforts of those who were involved in the response to the flooding... More>>

ALSO:

Superu Report: Land Regulation Drives Auckland House Prices

Land use regulation is responsible for up to 56 per cent of the cost of an average house in Auckland according to a new research report quantifying the impact of land use regulations, Finance Minister Steven Joyce says. More>>

ALSO:

Fund For PPP Plans: Govt Embraces Targeted Rates To Spur Urban Infrastructure

The government's latest response to the Auckland housing shortage will see central government and private sector firms invest in 'special purpose vehicles' to fund essential roading, water and drains that Auckland Council can't fund without threatening its credit rating. More>>

ALSO: