Brief: 360 Capital Group Ltd Announces Unconditional Sale Of Fibreconx Stake And Management Rights
15/11/2021 01:38
Nov 15 (Reuters) - 360 Capital Group Ltd TGP.AX :
* UNCONDITIONAL SALE OF FIBRECONX STAKE AND MANAGEMENT
RIGHTS-TGP.AX
* TOTAL CONSIDERATION FOR A$26.7 MILLION
* NOW ENTERED UNCONDITIONAL CONTRACT TO SELL ENTIRE 39.1%
CO-INVESTMENT STAKE AND SALE OF 50% OF MANAGEMENT RIGHTS IN
FIBRECONX
* SALE GENERATES A PRE-TAX PROFIT OF ABOUT A$16.0 MILLION IN
FY22
* WILL NOW FOCUS ON SELLING 50% INTEREST IN 360 CAPITAL
DIGITAL
MANAGEMENT PTY LTD TO GLOBAL DATA CENTRE GROUP
* TARGETING TO COMPLETE SALE OF STAKE IN 360 CAPITAL DIGITAL
MANAGEMENT PTY LTD BEFORE 2021-END
Source text for Eikon: ID:nASXmx6tm
Further company coverage: TGP.AX
((Reuters.Briefs@thomsonreuters.com;))
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