Brief: Seek Says To Sell Latin American Assets

SEEK

05/06/2024 02:34

June 5 (Reuters) - Seek Ltd  SEK.AX :
    * SEEK TO SELL LATIN AMERICAN ASSETS
    * REDARBOR WILL PAY CASH CONSIDERATION OF US$85M
    * ENTERED AGREEMENT TO SELL ITS 98.2% INTEREST IN OCC MEXICO
AND
ITS 100% INTEREST IN CATHO ONLINE (BRASIL ONLINE) TO RED ARBOR
HOLDING, S.L.
    * DISPOSALS EXPECTED TO RESULT IN NET LOSS ON SALE AFTER TAX
OF
BETWEEN A$15M-35M FOR FY2024
    * ON A TOTAL OPERATIONS BASIS, THERE IS NO CHANGE TO FY2024
GUIDANCE

Further company coverage:  SEK.AX 

 ((Reuters.Briefs@thomsonreuters.com;))