Australia's Plenti Group jumps on getting Westpac funding for EVs

Plenti

27/01/2022 04:38

** Shares of Plenti Group  PLT.AX  rise as much as 12.6% to
A$1.16, set to gain most since July 13 last year 
    ** Fintech firm says its quarterly loan originations grew
135% to A$307.6 million   urn:newsml:reuters.com:*:nL8N2U66V8
    ** Westpac  WBC.AX  also to fund https://www.westpac.com.au/about-westpac/media/media-releases/2022/27-january
 electric vehicle finance provided by Plenti in Australia 
    ** Bank says it completed A$250 mln structured auto facility
to fund electric vehicles and related features for co 
    ** As of last close, stock is down 20.7% this year

 (Reporting by Navya Mittal)
 ((Navya.Mittal@thomsonreuters.com;))