Perpetual flags Xmas Trust deal

Suitor focussed on maintaining fiduciary standards, lifting value in takeover.

Perpetual (PPT) hopes to complete its acquisition of The Trust Company Ltd before Christmas and expects the deal will increase shareholder value over the medium and longer term.

Perpetual chairman Peter Scott told the group's annual general meeting that the proposal was a compelling opportunity that Perpetual was able to pursue due to its transformation program.


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