Brief: Pacific Current Group Announces Sale Of Interest In Victory Park Capital Management
Aug 13 (Reuters) - Pacific Current Group Ltd PAC.AX :
* SALE OF INTEREST IN VICTORY PARK CAPITAL MANAGEMENT
* WILL RECEIVE UPFRONT CONSIDERATION OF US$33.9M (BEFORE
TRANSACTION COSTS)
* AGREEMENT ALSO INCLUDES PROVISIONS FOR POTENTIAL SALE OF
REMAINING 45% OF VPC'S MANAGEMENT CO
Further company coverage: PAC.AX
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Pacific Current
See all newsBrief: Pacific Current Posts HY Loss Attributable A$11.7 Million
Brief: Pacific Current Initiated On-Market Share Buy-Back Of Up To 2 Mln Shares
Brief: Pacific Current Announces $25.1 Million Loan Facility To A Portfolio Company
Brief: Pacific Current Reports Total Funds Under Management Of A$28.8 Billion As At Dec 31
Brief: Pacific Current Group Appoints Michael Clarke As Managing Director