PPK Group Limited (AU:PPK) has released an update.
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PPK Group Limited has announced a deal to sell its 30% stake in AMAG Holdings to Transoft Solutions, with the deal’s value hinged on future business performance, including an initial $1.5m payment and potential earn-outs that could exceed $2m. The agreement is in line with PPK’s strategy to position AMAG’s advanced transport safety technologies within a larger global entity. The transaction is set to complete soon, with PPK optimistic about the financial return through the uncapped four-year earn-out period.
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