News: TGP 360 Capital Group Ltd Announces Unconditional Sale Of Fibreconx Stake And Management...

Nov 15 (Reuters) - 360 Capital Group Ltd (TGP) :

• UNCONDITIONAL SALE OF FIBRECONX STAKE AND MANAGEMENT RIGHTS-TGP.AX
• TOTAL CONSIDERATION FOR A$26.7 MILLION
• NOW ENTERED UNCONDITIONAL CONTRACT TO SELL ENTIRE 39.1% CO-INVESTMENT STAKE AND SALE OF 50% OF MANAGEMENT RIGHTS IN FIBRECONX
• SALE GENERATES A PRE-TAX PROFIT OF ABOUT A$16.0 MILLION IN FY22
• WILL NOW FOCUS ON SELLING 50% INTEREST IN 360 CAPITAL DIGITAL MANAGEMENT PTY LTD TO GLOBAL DATA CENTRE GROUP
• TARGETING TO COMPLETE SALE OF STAKE IN 360 CAPITAL DIGITAL MANAGEMENT PTY LTD BEFORE 2021-END