26 Apr 2013

Pyne Gould sells Perpetual Trust

9:34 pm on 26 April 2013

Pyne Gould Corporation has sold Perpetual Trust for $11.9 million to interests associated with London-based investor Andrew Barnes.

The deal is conditional on approval by the Financial Market Authority and the Overseas Investment Office.

Pyne Gould will also be entitled to 40% of any value Mr Barnes is able to create from Perpetual in the future.