Brief: AFG To Acquire Asset Finance Aggregator Fintelligence

Australian Finance

30/11/2021 01:54

Nov 30 (Reuters) - Australian Finance Group Ltd  AFG.AX :
    * AUSTRALIAN FINANCE GROUP LTD - AFG TO ACQUIRE ASSET
FINANCE
AGGREGATOR FINTELLIGENCE
    * AUSTRALIAN FINANCE GROUP - TRANSACTION IS EXPECTED TO BE
EPS
ACCRETIVE IN FIRST FULL YEAR POST INTEGRATION
    * AUSTRALIAN FINANCE GROUP LTD - PROPOSED FUNDING STRUCTURE
IS
EXPECTED TO ALLOW AFG TO MAINTAIN ITS DIVIDEND POLICY
    * AUSTRALIAN FINANCE - HAS EXCLUSIVE OPTION TO ACQUIRE
REMAINING
25% INTEREST IN FINTELLIGENCE OVER NEXT THREE AND A HALF YEARS
    * AUSTRALIAN FINANCE GROUP LTD - DEAL FUNDED PRIMARILY BY A
NEW
CORPORATE DEBT FACILITY
    * AUSTRALIAN FINANCE GROUP LTD - DEAL FOR A$52.5 MILLION

Source text for Eikon:  ID:nASXbnkFr3 
Further company coverage:  AFG.AX 

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