Brief: Velocity Financial Acquires Majority Interest In Century Health & Housing Capital
28/12/2021 21:35
Dec 28 (Reuters) - Velocity Financial Inc VEL.N :
* VELOCITY FINANCIAL, INC. ACQUIRES MAJORITY INTEREST IN
CENTURY
HEALTH & HOUSING CAPITAL
* VELOCITY FINANCIAL INC - DEAL IMMEDIATELY ACCRETIVE TO EPS
AND
ROE WITH MINIMAL BOOK VALUE IMPACT
* VELOCITY FINANCIAL INC - TRANSACTION ALSO DIVERSIFIES
VELOCITY'S
REVENUE WITH FEE-BASED ORIGINATION AND SERVICING INCOME
Source text for Eikon: ID:nBw5h5M15a
Further company coverage: VEL.N
((Reuters.Briefs@thomsonreuters.com;))
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