Australia's Pacific Current gains on $33 mln stake sale in Victory Park

Pacific Current

13/08/2024 06:54

** Shares of Pacific Current  PAC.AX  rise as much as 2.2%
to A$10.990, hitting their highest level since July 26
    ** Asset management firm sells part of its stake in private
credit manager Victory Park to Janus Henderson  JHG.N  
    ** Adds co to receive $33.9 mln from stake sale
    ** Stock up more than 22% this year, as of last close

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))