Qube Holdings Limited (ASX:QUB) acquired 50% stake in Pinnacle Corporation on May 1, 2023. In related transaction Qube Holdings Limited also acquired Kalari Proprietary Limited, the combined deal value for both transactions is AUD 145 million. The transaction will be funded through Qube's existing undrawn debt facilities in Australia and New Zealand. The acquisitions are expected to meet Qube's financial hurdles including delivering a Return on Average Capital Employed of at least 10.0% and be Earnings Per Share Pre Amortisation accretive.

Qube Holdings Limited (ASX:QUB) Completed the acquisition of 50% stake in Pinnacle Corporation on May 1, 2023. Anastasiya Gutorova and Michael Pollard of Simpson Grierson advised Qube Holdings Ltd on its acquisition.