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Platinum and L1 Capital Edge Closer to Merger with New Ownership Split
9:05am on Wednesday 18th of June, 2025 AEST
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Financial Services
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Platinum and L1 Capital Edge Closer to Merger with New Ownership Split
9:05am on Wednesday 18th of June, 2025 AEST
Key Points
Due diligence phase substantially completed between Platinum and L1 Capital
Proposed ownership split – L1 Capital shareholders 74%, Platinum shareholders 26%
Performance fee participation linked to L1 Capital’s Long Short funds returns
Merger Implementation Deed negotiations underway
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Platinum Asset Management (ASX:PTM)
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