Trust takeover approved

Competition regulator gives green light to Perpetual's takeover of Trust Co, subject to divestiture.

The Australian Competition and Consumer Commission says it won't oppose Perpetual's (PPT) takeover bid for financial services group The Trust Company (TRU).

In a statement, the competition regulator said it had accepted a court enforceable undertaking from Perpetual to divest Trust Co's existing ownership of a 13.4% shareholding in competitor Equity Trustees (EQT).

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles