Altus Group Limited (TSE:AIF) has released an update.
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Altus Group Limited has decided to cancel its planned acquisition of Situs Group’s Commercial Real Estate Valuation and Advisory Services due to anticipated regulatory approval delays, incurring a US$3 million termination fee. Despite this setback, the company remains committed to its organic growth strategy, aiming to enhance valuation intelligence in the commercial real estate industry. Altus Group is set to invest in its Valuation Management Solutions business and introduce new analytics capabilities to its portfolio in 2024.
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