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Diversa Ltd to acquire Trust Company (Superannuation) Limited and Tranzact Financial Services Limited

Monday, 30 Jun 2014 11:00pm EDT 

Diversa Ltd:Says that it has entered into two separate agreements to acquire 100 pct. interest in The Trust Company (Superannuation) Limited for $2.65 million.and a 30 pct. interest in Tranzact Financial Services Limited for $2.85 million with an option to acquire the remaining 70 pct.Says both acquisitions are consistent with the Group’s growth plans and expected to be earnings accretive before synergies.Says the acquisitions will be funded by a combination of debt and equity. 

Company Quote

23 Dec 2014