Challenger Limited (ASX:CGF) Receives Minority Investment from TAL
Investment Details
TAL Dai-ichi Life Australia Pty Limited has agreed to acquire a 15.1% minority interest in Challenger Limited (ASX:CGF) at A$8.46 per share, representing a 53% premium over the closing share price on 4 April 2025. The transaction is subject to regulatory approvals by FIRB and APRA.
Executive Comments
Challenger’s Managing Director and Chief Executive Officer, Nick Hamilton, stated, “Dai-ichi Life is a global leader in life insurance and we look forward to building a relationship that will benefit both our customers and shareholders. We welcome their significant investment in our business and will explore future opportunities that support our strategic objectives. The strategic reinsurance relationship in place with MS Primary since 2016 has created significant shared value and we are pleased this will continue. This is an exciting time for Challenger as we deliver our growth strategy and provide financial confidence to even more Australians in retirement.”
TAL’s CEO, Fiona Macgregor, said, “There is an important community need to address with five million Australians currently in or preparing for retirement. Our minority investment in Challenger is an extension of our commitment to supporting Australians’ financial needs during retirement.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Challenger. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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