PAC 0.37% $10.77 pacific current group limited

News: PAC Pacific Current Group to sell 40 pct equity stake in Investors Mutual Ltd

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    Oct 3 (Reuters) - Pacific Current Group Ltd (PAC) :

    • 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
 
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