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Financials

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)

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