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Platinum Asset Management and L1 Capital Explore Merger to Create $18 Billion Investment Powerhouse
3:36am on Monday 2nd of June, 2025 AEST
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Financial Services
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Platinum Asset Management and L1 Capital Explore Merger to Create $18 Billion Investment Powerhouse
3:36am on Monday 2nd of June, 2025 AEST
Key Points
Preliminary merger discussions between Platinum Asset Management and L1 Capital
Combined entity would manage approximately A$18 billion in assets
L1 Capital acquires 9.6% stake in Platinum with option to increase to 19.9%
Merger aims to deliver scale, investment diversity, cost efficiencies, and earnings accretion
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Platinum Asset Management (ASX:PTM)
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