Sharechat Logo

CPH and Challenger propose merger

By NZPA

Monday 20th January 2003

Text too small?
Kerry Packer-backed Challenger International Ltd and CPH Investment Corp today announced a proposed scrip-based merger of the two entities.

The merged entity will have a market capitalisation of about $A930 million ($NZ1 billion), "making it a significant entity on the Australian Stock Exchange", the companies said in an announcement.

In a separate announcement, CPH announced the appointment of Chris Cuffe as its new chief executive officer.

Mr Cuffe was former chief executive officer of Colonial First State's Australian funds management operations.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

TRU - Commercial Opportunities for Western Europe and Middle East
GEN - General Capital Subsidiary Credit Rating Update
Fonterra updates 2025/26 season Farmgate Milk Price
FRW - Acquisition of VT Freight Express
PaySauce Opens $1m Share Purchase Plan
December 17th Morning Report
RUA - Successful rights offer is oversubscribed
Steel & Tube - Shareholder Newsletter - December 2025
SKC - Resignation of Chief Risk Officer
December 16th Morning Report