Source: ASX
Australian Stock Exchange Limited (ASX) and its joint venture partner in ASX Perpetual Registrars Limited (APRL), Perpetual Trustees Australia Limited (Perpetual), today announced that the sale of the registry business had been completed.
On 17 August 2005 ASX and Perpetual advised the market that 100 per cent of the joint venture would be sold to a Pacific Equity Partners company (PEP) for $132 million, subject to PEP's gaining bank financing approval.
That approval was gained and settlement has now occurred.