Auswide Bank Ltd. (AU:ABA) has released an update.
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.
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