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AVC - Auctus Alternative Investments News Story

A$0.24 0.0  0.0%

Last Trade - 26/05/20

Sector
Financials
Size
Micro Cap
Market Cap £5.10m
Enterprise Value £4.04m
Revenue £907k
Position in Universe th / 1838

BRIEF-Auctus Alternative Investments To Establish U.S. Asset Management Business

Wed 12th June, 2019 1:04am
June 12 (Reuters) - Auctus Alternative Investments Ltd
 AVC.AX :
    * TO ESTABLISH US ASSET MANAGEMENT BUSINESS
    * RBP'S FIRST INVESTMENT WILL BE A BATTERY STORAGE BUSINESS
UNDERPINNED BY LONG TERM CONTRACTS WITH U.S. UTILITIES
    * CO WILL OWN 30% STAKE IN US ASSET MANAGEMENT BUSINESS VIA
JV IN
PARTNERSHIP WITH AN INVESTMENT TEAM BASED IN NEW YORK

Source text : http://bit.ly/2WE2XfH
Further company coverage:  AVC.AX 

 ((Reuters.Briefs@thomsonreuters.com;))
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