Brief: Autosports Group Agrees To Acquire Fortitude Valley Property

Autosports

14/10/2022 02:53

Oct 14 (Reuters) - Autosports Group Ltd  ASG.AX :
    * AUTOSPORTS GROUP AGREES TO ACQUIRE FORTITUDE VALLEY
PROPERTY
    * PURCHASE PRICE FOR PROPERTY IS A$98 MILLION PLUS STAMP
DUTY
    * ACQUISITION IS CONDITIONAL ON OBTAINING A REPLACEMENT
COUNCIL
PERMIT
    * INTENDS TO FUND 80% OF ACQUISITION THROUGH EXISTING
FINANCIERS
AND BALANCE THROUGH CASH RESERVES

Source text for Eikon:  ID:nASX6b615N 
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 ((Reuters.Briefs@thomsonreuters.com;))