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Warning shot fired against PEXA rivals

Nov 07, 2018 - Australian Financial Review

Link Group chief executive John McMurtrie has warned would-be competitors of PEXA, saying they must invest up to $300 million to challenge the online property exchange network. His comments come as a consortium of Link, Commonwealth Bank and Morgan Stanley Infrastructure outbid other buyers and a potential Pexa IPO in a deal valuing the company at $1.5 billion. PEXA, founded by the big banks and some state governments, owns a system including electronic lodgements of documents for property trans...