Private equity buys into Tower
Suncorp claims $8.5m gain on sale.
Private equity firm Bain Capital has acquired a 20% stake in Tower, raising the prospect of another takeover bid for the NZX-listed insurer down the track.
Bain Capital bought the 67.5 million shares from Australia-based Suncorp for $54 million, or 80c a share.
Suncorp bought into Tower in
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Tim Hunter
Thu, 08 Mar 2018
Thu, 08 Mar 2018
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Private equity buys into Tower
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