Brief: Ariadne Australia Ltd announces sale of interest in Secure Parking

PARK24

07/12/2016 07:14

Dec 7 (Reuters) - Ariadne Australia Ltd  ARA.AX : 
    * sale transaction is expected to complete on or after 6 
january 2017 
    * Deal to dispose of its 50% interest in secure parking for 
approximately $75m 
    * Ariadne australia ltd- conditional sale transaction 
represents a significant premium to ariadne's book value of $11 
million 
    * to use proceeds of transaction to invest in assets or 
opportunities that are consistent with its diversified 
investment strategy 
    * Has entered into a conditional agreement with (among 
others) park24 co., ltd 
    * net profit before tax attributable to members for hy, 
excluding the transaction, is expected to be in range of $4.4m 
to $5.4m 
    * sale of interest in secure parking & market update 
 
Source text for Eikon:  ID:nASX6pr5M7  
Further company coverage:  ARA.AX  
 
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