Australia's Regal Partners soars as fund manager stake buy takes assets to $5.1 bln
31/10/2023 23:28
Nov 1 (Reuters) - Shares of Australia's Regal Partners
RPL.AX jumped more than 11% on Wednesday, after the investment
manager said it would buy a 50% stake in Taurus SM Holdings, a
financing solutions provider.
The acquisition will bring Regal Partners' group funds under
management to A$8 billion ($5.07 billion) on a pro forma basis.
($1 = 1.5773 Australian dollars)
(Reporting by Archishma Iyer in Bengaluru)
((Archishma.Iyer@thomsonreuters.com;))
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