Australia's Powerhouse Ventures up on buying funds management co

Powerhouse Ventures

18/09/2024 04:06

** Shares of Powerhouse Ventures  PVL.AX  up nearly 2%
    ** The investment manager to buy Aliwa Funds Management for
A$500,000 ($337,950) upfront in an all-stock deal
    ** As of last close, stock had gained about 16% this year
 
 ($1 = A$1.4795)

 (Reporting by Nikita Jino in Bengaluru)
 ((nikita.jino@thomsonreuters.com))