Thursday, August 11, 2005
ASX Perpetual Registrars in sale talks - Breaking News - Business - Breaking News
The Australian Stock Exchange Ltd (ASX) and fund manager Perpetual Trustees Ltd are in discussions to sell their share registry firm ASX Perpetual Registrars Ltd.
Both firms have previously said they were interested in selling their 50 per cent stakes in the company.
"Negotiations are progressing but no sale agreement has been entered into with any party," the ASX said in a statement.
The ASX said it would retain its investor relations subsidiary, Orient Capital, and its 14.1 per cent stake in IRESS Market Technology Ltd after reviewing its non-core businesses last month.
But its review of the ASX Perpetual Registrars business was continuing.
ASX Perpetual Registrars is Australia's second largest registry services provider behind Computershare and includes clients such as Qantas Airways Ltd and Coles Myer Ltd
Both firms have previously said they were interested in selling their 50 per cent stakes in the company.
"Negotiations are progressing but no sale agreement has been entered into with any party," the ASX said in a statement.
The ASX said it would retain its investor relations subsidiary, Orient Capital, and its 14.1 per cent stake in IRESS Market Technology Ltd after reviewing its non-core businesses last month.
But its review of the ASX Perpetual Registrars business was continuing.
ASX Perpetual Registrars is Australia's second largest registry services provider behind Computershare and includes clients such as Qantas Airways Ltd and Coles Myer Ltd
