middle.news
Magellan and Barrenjoey Unite in $1.6B Merger to Reshape Australian Finance
8:10am on Monday 2nd of March, 2026 AEDT
•
Financial Services
Read Story
Magellan and Barrenjoey Unite in $1.6B Merger to Reshape Australian Finance
8:10am on Monday 2nd of March, 2026 AEDT
Key Points
Merger values Barrenjoey at A$1.616 billion with 106.8 million new shares issued
Magellan to increase stake in Barrenjoey by ~10% via non-underwritten placement and SPP
Combined group to benefit from improved diversification and enhanced client offerings
Key leadership changes include David Gonski AC as Independent Chair and Brian Benari as CEO
Read Story
middle.
Tap to Read
Tap the card to read the full analysis
about
Magellan Financial (ASX:MFG)
OPEN ARTICLE