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Perpetual seals $2.18bn deal with KKR, chief to retire

Perpetual has agreed to divest its wealth management and corporate trust businesses to Kohlberg Kravis Roberts (KKR) for $2.18 billion, pending shareholder approval. The deal will see the departure of Perpetual chief executive Rob Adams.

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Read more: KKRRob AdamsKohlberg Kravis RobertsASXBarrow HanleyGregory CooperPendalTony D'AloisioTrillium