December 11, 2017 / 9:54 AM / 2 years ago

BRIEF-‍Azimut, Through AZ NGA, Acquires Henderson Maxwell In Australia​

Dec 11 (Reuters) - Azimut:

* ‍AZIMUT, THROUGH AUSTRALIAN SUBSIDIARY, AZ NEXT GENERATION ADVISORY (AZ NGA), ACQUIRES HENDERSON MAXWELL IN AUSTRALIA​

* ‍AGREEMENT INCLUDES SHARE SWAP OF 49% OF HENDERSON MAXWELL’S EQUITY FOR AZ NGA SHARES AND PROGRESSIVE BUY BACK OF THESE SHARES OVER NEXT TEN YEARS​

* ‍REMAINING 51% STAKE WILL BE PAID TO FOUNDING PARTNERS IN CASH OVER A PERIOD OF TWO YEARS​

* ‍TOTAL VALUE OF TRANSACTION CONSIDERING BOTH CASH AND SHARE SWAP ENTAILS PURCHASE PRICE OF AROUND A$11.6 MILLION​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below