Tolhurst acquisition extends investment footprint
Financial services and stockbroking group Tolhurst has announced it is moving to acquire independent investment bank and advisory group InterFinancial Holdings.
Tolhurst informed the Australian Stock Exchange today that the proposed acquisition represented a move to accelerate the growth of its investment banking and corporate advisory division and expand its geographical presence on the east coast.
Tolhurst executive chairman David Browne said the acquisition would build on the depth, range and quality of expertise in Tolhurst, making it a leading independent investment bank.
He said Tolhurst intended to purchase 100 per cent of InterFinancial with cash and scrip, with the Tolhurst board extending an invitation to the non-executive chairman of InterFinancial, Greg Bundy, to join the Tolhurst Board.
AUTHOR
Mike Taylor
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