trending Market Intelligence /marketintelligence/en/news-insights/trending/5znz_ykrlaeepehjsmlu7a2 content esgSubNav
In This List

Australia's Pacific Current Group to exit RARE Infrastructure

Blog

Banking Essentials Newsletter 2021: December Edition

Blog

Automating Credit Risk Surveillance Using Statistical Models

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade


Australia's Pacific Current Group to exit RARE Infrastructure

Australian asset management company Pacific Current Group Ltd. will sell its remaining 10% stake in RARE Infrastructure Ltd. to U.S.-based Legg Mason Inc. for an undisclosed sum.

The move comes after it sold a majority stake in RARE Infrastructure to Legg Mason unit, Legg Mason International Holdings LP, in October 2015, with the residual stake subject to a put/call option.

The board of Pacific Current Group has exercised its put option and the final consideration will be determined by an independent valuer, according to a July 2 release.

The deal is expected to be completed by Sept. 30.