Brief: IPH Ltd Says It Entered Agreement To Divest Investment In Practice Insight

IPH

21/06/2022 11:13

June 21 (Reuters) - IPH Ltd  IPH.AX :
    * ENTERED INTO AN AGREEMENT TO DIVEST ITS INVESTMENT IN
PRACTICE
INSIGHT PTY LTD
    * TO DIVEST THE INVESTMENT TO ANAQUA
    * TRANSACTION IS SUBJECT TO OBTAINING APPROVAL FROM FOREIGN
INVESTMENT REVIEW BOARD , AMONG OTHERS & IS EXPECTED TO COMPLETE
EARLY IN Q1 OF FY23
    * EXPECTS TO RECORD A NET LOSS ON DISPOSAL AFTER TRANSACTION
COSTS
OF ABOUT A$2.4 MILLION IN FY22

Source text for Eikon:  ID:nASX7NDbsX 
Further company coverage:  IPH.AX 

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