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kerry stokes

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).

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