Perpetual bid wins final approval

Suitor's bid for Trust Company wins final regulatory approval from NZ, paving way for November scheme meeting.

Perpetual (PPT) has won final regulatory approval for its proposed acquisition of The Trust Company (TRU) from the New Zealand Overseas Investment Office.

In a statement to the Australian Securities Exchange, Perpetual welcomed the green light, after the Australian Competition and Consumer Commission approved the takeover last week.

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