AUB Group Limited (ASX: AUB) has signed a binding agreement with Odyssey Investment Partners to purchase Tysers for AU$880 million. This acquisition is in line with the Company’s strategy to provide support for clients with international placement needs, to capture further economics in the broking value chain and accelerate scale in its Agencies.
The Company would fund the acquisition from proceeds of an AU$350 million Equity Raising, a placement of AU$176 million of AUB shares to the vendor of Tysers, plus a new AUD675 million multi-currency debt facility.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
