Australia's Amaero soars after major shareholder gets nod to buy additional stake

Amaero

07/02/2023 23:47

** Shares of Amaero International  3DA.AX  soar as much as
18.9% to A$0.220, their highest since Aug 10 
    ** Manufacturing services provider says major shareholder
Pegasus Growth Capital has received approval from Australia's
Foreign Investment Review Board to buy an additional 20.5% stake
in co 
    ** Adds if Pegasus acquires the stake, its holding in co
will increase to 60%
    ** Shares to mark best day since Jan 31, if gains hold; up
for a second straight day 
    ** Stock had risen 15.6% this year, as of last close
 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))