Pinnacle emerges with substantial F&P Healthcare stake

Pinnacle emerges with substantial F&P Healthcare stake
Fisher & Paykel Healthcare has a new substantial shareholder. (Image: Supplied)
Staff reporters
Pinnacle Investment Management Group has disclosed a 5.07% shareholding in Fisher & Paykel Healthcare.The medical devices firm told the NZX yesterday it had a new substantial investor. NZX-listed firms must disclose when one entity takes more than 5%.Sydney-based Pinnacle was founded by Ian Macoun and has invested in NZME, which owns BusinessDesk, and Vista Group in New Zealand.Filings show Pinnacle first bought ordinary fully paid Fisher & Paykel Healthcare shares on March 3, paying $5.65m for 167,178 shares or $33.80 each.Shares in th...