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Packer family

July 17, 2013

Australia is ahead of the game when it comes to single family offices, according to new research, with the Asia-Pacific country boasting 250 out of the estimated 2,700 that exist globally.

Australia is ahead of the game when it comes to single family offices, according to new research, with the Asia-Pacific country boasting 250 out of the estimated 2,700 that exist globally.

Tables compiled by Eureka Report, an Australian investment website, reveal the country’s top 20 family offices are worth AU$103.9 billion (€73.2 billion), while the top 20 are worth AU$177.5 billion.

June 20, 2012

Australian billionaire James Packer, majority owner of Consolidated Media Holdings, is looking to cut his ties with the media business, founded by his great-grandfather, by selling his shares to fellow family-run News Corporation.

Australian billionaire James Packer, majority owner of Consolidated Media Holdings, is looking to cut his ties with the media business, founded by his great-grandfather, by selling his shares to fellow family-run News Corporation.

Following an offer of AUS$3.50 (€2.81) per share by News Corp, CMH said on 20 June that it will “engage constructively” with Murdoch family-controlled media conglomerate.

September 8, 2009

James Packer, the Australian media and casino owner, has resigned from the board of Challenger Financial Services Group following the sale of his 20% stake in the company on Friday

James Packer, the Australian media and casino owner, has resigned from the board of Challenger Financial Services Group following the sale of his 20% stake in the company on Friday.
 
Packer (pictured) raised AUD$400 million in the sale that is his third asset sale in a month. The move fuelled speculation he is building up funds in order to ward off any potential takeover bids for his family business Consolidated Media Holdings (CMH).

July 15, 2009

James Packer, son of the late Kerry Packer, has increased his stake in Consolidated Media Holdings, part of family’s business empire, in an attempt to thwart a rival media owner.

James Packer (pictured), son of the late Kerry Packer, has increased his stake in Consolidated Media Holdings, part of the family's business empire, in an attempt to thwart a rival media owner. Kerry Stokes, chairman of Seven Network Ltd, more than tripled his shareholding from 5% to 18% in CMH last week. In response, Packer upped his stake from 39% to 41%.

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