Soul Patts will merge with building materials giant Brickworks in a deal that turns the country’s second-oldest listed company into a $14 billion portfolio manager in the hope of attracting shareholders who want to invest like some of the world’s wealthiest people.
The deal, first reported by The Australian Financial Review’s Street Talk column, will end decades of cross-ownership between Soul Patts and Brickworks, two companies long associated with the billionaire Millner family, which has long resisted a merger of the businesses.
Source: https://www.afr.com/companies/financial-services/soul-patts-ends-56-year-brickworks-tie-up-with-14b-merger-plan-20250602-p5m43w