Prime Financial Group eyes best day in over a week on two acquisitions

Prime Financial

24/10/2025 03:17

** Shares of Australia's Prime Financial Group PFG.AX rise as much as 2.1% to A$0.24, their biggest intraday pct rise since October 14

** Asset management co enters into binding agreements for two acquisitions in its wealth and business segments

** Adds a new partner and three team members to business segment by buying accounting clients, representing revenue of ~A$1.2 million ($779,760.00) per annum

** Acquires revenue of ~A$500,000 per annum in the wealth segment and welcomes a new partner

** Appoints Sharon Papworth as chief financial officer

** Stock is up 6.7% YTD, including the session's moves

($1 = 1.5389 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))