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Australia's Omni Bridgeway falls as co flags potential impact to portfolio

ReutersJun 20, 2025 1:03 AM

Shares of Omni Bridgeway OBL.AX fall 3.4% to A$1.208, their lowest levels since February 25

The corporate financial service provider says in event of U.S. legal finance tax provision being enacted, less than 25% in fair value of co's global investment portfolio might be potentially exposed to tax

Co currently does not anticipate major negative impact on market dynamics in higher return single matter segment of the U.S. market where it primarily operates

Stock down 16.7% this year, including the day's move

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