Brief: Axis Provides Update On Strategic Review Process

Axis Auto Finance

20/08/2024 12:33

Aug 20 (Reuters) - Axis Auto Finance Inc  AXIS.TO :
    * AXIS PROVIDES UPDATE ON STRATEGIC REVIEW PROCESS
    * AXIS AUTO FINANCE: ON OF AUG 16, AXIS EQUIPMENT CLOSED
ASSET
PURCHASE DEAL WITH ARMS-LENGTH PARTY
    * AXIS AUTO FINANCE: INTENDS TO LIQUIDATE REMAINING WORKING
CAPITAL POSITIONS IN AXIS EQUIPMENT, DISSOLVE LEGAL ENTITY
    * AXIS AUTO FINANCE: PROSPECTIVE BUYER COMPLETED DUE
DILIGENCE FOR
CO'S AUTO FINANCE BUSINESS, AGREEMENT REACHED ON STRUCTURE OF
SALE
    * AXIS AUTO FINANCE: IN PROCESS OF NEGOTIATING DEFINITIVE
AGREEMENT FOR AUTO FINANCE BUSINESS TRANSACTION WITH PROSPECTIVE
BUYER

Source text for Eikon:  ID:nGNX5gNX9l 
Further company coverage:  AXIS.TO 

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