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:

Metro Performance Glass FY26 Market Update
Devon Funds Morning Note - 13 March 2026
Devon Funds Morning Note - 12 March 2026
TCM - Financial Model
BRM - Scheme of Arrangement Update - NZ Commerce Commission
Devon Funds Morning Note - 11 March 2026
BGP - Full Year Results to 25 January 2026
BRM - Scheme of Arrangement Update - NZ Commerce Commission
The oil shock
Air New Zealand suspends FY2026 guidance