Pinnacle Investment buy 35% equity interest in Metrics Credit

Company News

by Rachael Jones

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$6.090 -$0.092 -1.49%
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Last Updated: 17/02/2020 12:09 PM

Pinnacle Investment Management Group (ASX:PNI) has completed its acquisition of 35 per cent equity interest in Metrics Credit.

The announcement was first made on the 24th July this year.

Metrics Credit Holdings owns 100 per cent of Metrics Credit Partners.

Pinnacle completed its institutional placement to raise $60 million through the issue of around 10.9 million new shares in July.

Shares in Pinnacle Investment Management Group (ASX:PNI) are up 0.49 per cent to $6.14.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.