Brief: Thorn Group Says Entered Into Agreement For Sale Of Thorn's Asset Finance Portfolio
20/06/2023 02:15
June 20 (Reuters) - Thorn Group Ltd TGA.AX :
* HAS ENTERED INTO AGREEMENT WITH RESIMAC GROUP FOR SALE OF
THORN'S ASSET FINANCE PORTFOLIO
* EXPECTS TO RECEIVE ESTIMATED A$15 MILLION CASH PROCEEDS
FROM
ASSET SALE
* COMPLETION OF ASSET SALE CURRENTLY EXPECTED TO OCCUR
TOWARDS END
OF AUGUST
* BOARD AIMS TO DISTRIBUTE CASH PROCEEDS OF ASSET SALE TO
SHAREHOLDERS
Source text for Eikon: ID:nASXbgwsVQ
((Reuters.Briefs@thomsonreuters.com;))
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