A 50-50 split
MIRA and Aware will each own 50 per cent of Vocus Groups equity, in what appears to be a remarkable outcome for the deep pocketed Aware.
The Australian superannuation giant was a late arrival to the party, only joining MIRA after it had gone to great lengths to convince Vocus Group to go back down the takeover talks path aftera few embarrassing false starts.
Aware, which manages $140 billion in retirement savings, has money with Macquaries Macquarie Infrastructure Partners and heeded MIRAs call when it went looking for partners. It also shaped as a potential interloper, given its recent interest in another telecommunications infrastructure play OptiComm.
So, the two joined up. And now Aware is only a few months, a big debt…
Read the full article at: https://www.afr.com/street-talk/mira-aware-split-vocus-equity-mandate-three-for-debt-20210311-p579ol
