PCT acquisition and Perpetual improves gross debt position
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| Stock | Perpetual Ltd (PPT.ASX) |
|---|---|
| Release Time | 5 Jun 2026, 8:56 a.m. |
| Price Sensitive | Yes |
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Perpetual Acquires Interfi and Improves Debt Position
Key Points
- Perpetual to acquire 70% of Interfi Systems
- Acquisition aims to expand Digital and Markets division
- Expected to improve gross debt position by 15%
Full Summary
Perpetual Limited (ASX:PPT) has announced its intention to acquire a 70% stake in Interfi Systems, a technology provider for the non-bank lending sector. This acquisition aligns with Perpetual's strategy to grow its Corporate Trust and enhance capabilities in its Digital and Markets division. The acquisition is expected to contribute to growth in the division in FY27 and beyond. Additionally, Perpetual has made progress in improving its gross debt position, anticipating a decrease of approximately 15% by the end of June 2026.
Guidance
Perpetual expects gross debt to decrease by approximately 15% by June 30, 2026.
Outlook
The acquisition is expected to contribute to growth in Corporate Trust's Digital and Markets division in FY27 and beyond.
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