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Perpetual (ASX:PPT) raised $265M capital during trading halt

July 27, 2020 / Ashleigh Melanko

Perpetual (PPT) has requested an immediate trading halt pending an upcoming capital raise. The investment group intends to raise up to $265 million through a placement and share purchase plan and will use the funds for the acquisition of Barrow Hanley. The company will remain in the halt until the earlier of July 28 or when the announcement is made.