Brief: Prime Financial Acquires 100% Ownership Of Altor Capital

Prime Financial

12/02/2024 24:43

Feb 12 (Reuters) - Prime Financial Group Ltd  PFG.AX :
    * ACQUIRES 100% OWNERSHIP OF ALTOR CAPITAL PTY LTD
    * TRANSACTION EXPECTED TO MAKE A MODEST CONTRIBUTION TO
EBITDA FOR
FY24
    * OUR GOAL IS TO DOUBLE GROUP REVENUE BETWEEN FY22 AND FY25
TO
A$50 MILLION
    * DEAL FOR INITIAL CONSIDERATION OF A$1.5 MILLION
    * DEAL FOR PURCHASE PRICE NOT EXCEEDING A$4.2 MILLION
PAYABLE OVER
THREE YEARS
    * WELL PLACED TO DELIVER ON OUR GOAL OF DOUBLING REVENUE TO
A$50
MILLION IN FY25
    * WELL-PLACED TO DELIVER REVENUE TO A$100 MILLION WITHIN 3
TO 5
YEARS OF FY25

Source text for Eikon:  ID:nASXbzXHg6 
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