BUZZ-Australia's Perpetual tumbles on unfavorable tax ruling over KKR deal

Reuters
2024-12-10
BUZZ-Australia's Perpetual tumbles on unfavorable tax ruling over KKR deal

** Shares of fund manager Perpetual PPT.AX fall as much as 9.7% to A$19.785, their biggest intraday drop since late-July 2023

** Stock hits its lowest since Oct 17, and is among the top three losers in the ASX 200 benchmark index .AXJO

** Co says Australian Taxation Office's $(ATO)$ review of its deal to sell wealth management and corporate trust businesses to KKR revealed higher liabilities, lower shareholder returns

** Co now sees taxes relating to deal between A$493 mln($317.20 mln) and A$529 mln vs initial assessment of A$106 mln-A$227 mln

** Adds estimated cash proceeds from deal would now reduce to A$5.74-A$6.42 apiece vs A$8.38-A$9.82 earlier

** Says it is engaging with KKR to consider the potential impact of ATO's review on the deal

** As of last close, stock down 14% YTD

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com;))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10