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Generation Development Group Limited ( (AU:GDG) ) has shared an announcement.
Generation Development Group Limited’s subsidiary, Generation Life, has formed a strategic alliance with BlackRock to create and distribute Holistic Retirement Solutions for Australian retirees. This collaboration aims to provide sustainable income streams with longevity protection, enhancing GDG’s market leadership in retirement solutions. BlackRock will acquire a $25 million minority stake in GDG to support the development of these new solutions, marking a significant milestone in GDG’s growth strategy.
More about Generation Development Group Limited
Generation Development Group Limited operates in the financial services industry, focusing on delivering innovative longevity and retirement income solutions. The company is a leader in the Australian retirement market, offering products and services that cater to retirees’ needs.
Average Trading Volume: 2,594,907
Technical Sentiment Signal: Buy
Current Market Cap: A$1.68B
Learn more about GDG stock on TipRanks’ Stock Analysis page.