Prime Completes Acquisition of Fintech Provider

MT Newswires Live
19 May

Prime Financial Group (ASX:PFG) has completed the acquisition of financial technology provider for stock research, ratings and insights Lincoln Indicators, according to a Monday filing with the Australian bourse.

In April, the company said the acquisition involves a total consideration of AU$15.8 million for on-target earnings before interest, taxes, depreciation, and amortization performance, potentially AU$17.9 million if earnings targets are exceeded, payable in cash and shares over a three-year period.

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