Avingtrans PLC - Cambridgeshire-based supplier of components to energy, medical and industrial sectors - Increases stake in Australian subsidiary Magnetica Ltd to 74% from 61% after contributing AUD6.2 million, about GBP3.5 million, toward AUD11.1 million capital raise by Magnetica. The Brisbane-based company develops orthopaedic magnetic resonance imaging technology.

Current stock price: 435.00 pence

12-month change: down 1.7%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.