Auswide Bank Ltd. (AU:ABA) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Auswide Bank Ltd. has completed its acquisition of Specialist Equipment Leasing Finance Company Pty Ltd (Selfco), a non-bank SME asset finance lender, for a total of up to $6.5 million. The deal includes an initial payment in Auswide shares and contingent payments tied to Selfco’s future profits, with a structured share release plan. Key Selfco personnel have committed to stay on post-acquisition, ensuring continuity in management.
For further insights into AU:ABA stock, check out TipRanks’ Stock Analysis page.