ClearView responds to sale rumours
ClearView Wealth has cleared up speculation that it was exploring sale alternatives, with TAL and a Japanese life house as interested buyers.
"The board of ClearView will continue to keep ClearView shareholders informed in compliance with its continuous disclosure obligations."
The statement is in response to an article in The Australian that states ClearView may soon be up for a trade sale under the advice of its major shareholder, Crescent Capital.
Another article by the newspaper said: "Should wealth management firm ClearView be subject to a trade sale, as some are speculating, Australian life insurer TAL has been named as a group possibly behind any acquisition that may happen, while a Japanese life house could also be an interested buyer."