M and A
Perth Insurer To Merge With PIH
Centrepoint Alliance, the West Perth-based insurance funding
firm, has announced plans to merge with
Professional Investment Holdings, a financial services
provider, through an all-scrip transaction.
Under the proposal, PIH shareholders would have 80 per cent of
the post-merger entity, with Centrepoint Alliance's Tony Robinson
as the managing director. PIH would then become the wealth
management arm of the listed group.
The deal, which is still subject to regulatory approvals, is
expected to be completed by July, Centrepoint said in a
statement.
