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Magellan Financial Group Limited (ASX:MFG)

ALERT: Price-sensitive ASX Announcement for MFG
Current share price for MFG : $10.630 1.58 (17.46%)+
Announcement
Release
12 Jun 2026 9:59AM
Price at Release
$9.050
Full Release
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Summary
Magellan Financial Group Ltd has announced that the Australian Competition and Consumer Commission (ACCC) has unconditionally approved the merger between Magellan Financial Group and Barrenjoey Capital Partners. The merger is expected to be completed in early July. Following the merger, Magellan plans to rebrand to Barrenjoey Group Limited, subject to shareholder approval, and change its ASX ticker from MFG to BJY. This rebranding aims to unify the group under a single brand that reflects its expanded capabilities and future growth opportunities. The decision to adopt the Barrenjoey name is supported by feedback from clients, employees, and shareholders, recognizing the merger's transformative nature.
Key Points
  • ACCC has approved the merger between Magellan Financial Group and Barrenjoey Capital Partners.
  • The merger is expected to be completed in early July 2026.
  • Magellan plans to rebrand as Barrenjoey Group Limited.
  • The company's ASX ticker will change from MFG to BJY, pending shareholder approval.
  • The rebranding is aimed at reflecting the group's expanded capabilities and growth opportunities.
  • The unified brand, Barrenjoey, is chosen based on client, employee, and shareholder feedback.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.