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Magellan’s Formica breaks bread with shareholders; FinClear in frame

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Magellan Financial Group chairman Andrew Formica has ticked off full-year results, with a surprise acquisition to boot. Now it’s time to sell to shareholders.

Magellan executive chairman Andrew Formica says the Vinva deal is the company’s priority. Louie Douvis

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/magellan-s-formica-breaks-bread-with-shareholders-finclear-in-frame-20240820-p5k3tg