CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Australia's Challenger at 8-year high, extends gains on takeover offer

By Reuters News03:57 (UTC), 23 October 2026 Updated

** Shares of Challenger CGF.AX rise as much as 1.7% to A$11.84, their highest since mid-August, 2018

** On track to log a nearly 20% weekly gain, best since April 2020, if trend holds

** On Monday, investment manager received indicative proposal from a unit of Japan's Daiichi Life to buy over 79% co it does not already own, offering A$11.80 apiece, valuing Challenger at A$7.94 billion ($5.57 billion)

** Co also posted a 5% rise in assets under management to A$31.9 billion for the first quarter of fiscal 2027

** Stock is up 25.4% YTD

($1 = 1.4255 Australian dollars)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.