VGI Partners Ltd. (AU:RPL) has released an update.
Regal Partners Limited is set to acquire a 40% stake in Argyle Group, a specialist in Australian water entitlements management with $1.4 billion in funds, enhancing Regal’s assets in the sector to $16.4 billion. The $12 million transaction is expected to be immediately beneficial to Regal’s earnings per share, with Argyle’s key management keeping a 60% interest. This strategic move will position Regal as a significant player in the lucrative Australian water market.
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