PSC Insurance Group Limited (ASX:PSI) announced that it has signed a binding agreement to acquire 100% of the share capital of AWIB Pty Ltd trading as Alan Wilson Insurance Brokers for AU$17.5 million, payable in cash upon completion. The acquisition is anticipated to generate an incremental EBITDA of greater than AU$1.8 million in its first twelve months.
The completion of acquisition would depend on various customary conditions. Also, the acquisition is likely to close by May 2022 end.
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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.
