Reuters logo
BRIEF-Pacific Current Group ‍to sell 40 pct equity stake in Investors Mutual Ltd
October 2, 2017 / 9:55 PM / 2 months ago

BRIEF-Pacific Current Group ‍to sell 40 pct equity stake in Investors Mutual Ltd

Oct 3 (Reuters) - Pacific Current Group Ltd:

* ‍To sell 40% equity stake in IML to Natixis Global Asset Management for about A$120m​

* Plans to use proceeds to reduce liabilities and make additional investments

* Sale of PAC‘S 40% stake in Investors Mutual Limited​ is an all cash transacation Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below