Brief: Abacus Group Announces Divestment Of Non-Core Assets

Abacus

23/01/2024 05:06

Jan 23 (Reuters) - Abacus Group  ABG.AX :
    * DIVESTMENT OF NON-CORE ASSETS
    * EXCHANGED UNCONDITIONAL CONTRACTS TO DISPOSE OF 2 NON-CORE
COMMERCIAL ASSETS
    * ASSETS INCLUDE DIVESTMENT OF A 100% INTEREST IN 63 ANN
STREET,
AMONG OTHERS
    * DIVESTMENT EXPECTED TO SETTLE NO LATER THAN APRIL 2024
    * DIVESTMENT FOR NET CONSIDERATION OF AROUND A$107 MILLION
    * REMAIN OPEN TO DISPOSING ASSETS WHERE ITS APPROPRIATE
    * SETTLEMENT PROCEEDS TO BE UTILISED TO REDUCE DEBT

Source text for Eikon:  ID:nASX4J1Dz 
Further company coverage:  ABG.AX 

 ((Reuters.Briefs@thomsonreuters.com;))