Australia's Pure Foods Tasmania jumps on Elato acquisition
25/11/2025 03:20
** Shares of Australia's Pure Foods Tasmania PFT.AX gain 25% to A$0.04, their highest level since October 9 ** Food and beverage co acquires ice cream brand Elato for an initial payment of A$50,000 ($32,320.00) in PFT shares from founders Roz Kaldor-Aroni and Benni Aroni ** Deal to add more than A$600,000 in annualised sales ** Aroni Family Trust to invest A$200,000 in PFT via issue of 6.7 million shares ** Stock up 81% YTD, including day's moves ($1 = 1.5470 Australian dollars) (Reporting by Aamir Sheik Khalid in Bengaluru) ((Aamir.SheikKhalid@thomsonreuters.com))
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