Australia's Live Verdure drops on stake acquisition in AI firm

Decidr AI Industries

31/12/2024 01:56

** Shares of Live Verdure  LV1.AX  fall as much as 4% to
A$0.840, their biggest intraday pct fall since Dec. 20
    ** Skincare firm says it gets controlling interest in AI
firm Decidr.ai by buying additional 6% stake for A$13.2 mln
($8.20 mln)
    ** Says deal financed by 36-month, interest-free loan
    ** Stock has more than doubled in value this year
 
($1 = 1.6090 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))