STL 0.00% $1.90 stargroup limited

News: STL Stargroup executes asset sale agreement with Indue

  1. 193,698 Posts.
    lightbulb Created with Sketch. 2825

    Dec 2 (Reuters) - Stargroup Ltd (STL) :

    • Stargroup signs asset sale agreement with Indue-stl.ax
    • Consideration is $6.5million payable in cash and acquisition is being fully funded via debt
    • Projected annualised revenue increase of $4.1million
    • Projected annualised ebitda increase of $1.7million
    • Co & Indue executed agreement for atm switching, settlement, telecommunications and atm reseller businesses operated by Indue
    • Putting in place of a $15million debt facility to fund the acquisition
    • Parties have agreed to key terms of ongoing services to be provided by indue to stargroup post completion
 
watchlist Created with Sketch. Add STL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.