AEF australian ethical investment limited
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News: AEF IOOF Divests Stake In Australian Ethical Investment For $74.5 Mln

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    07/08/20
    08:35
    Post #: 46365998

    Aug 7 (Reuters) - Australian Ethical Investment Ltd (AEF) :

    • DIVESTS STAKE IN AUSTRALIAN ETHICAL INVESTMENT LTD
    • DEAL FOR TOTAL CASH CONSIDERATION OF $74.5 MILLION
    • IMPACT ON UNDERLYING NET PROFIT AFTER TAX IS IMMATERIAL
    • SALE HAS REDUCED IOOF'S STAKE TO APPROXIMATELY 5.5 MILLION SHARES OF AUSTRALIAN ETHICAL
    • SOLD ABOUT 14.2 MILLION SHARES OF MINORITY INTEREST SHAREHOLDING OF 19.7 MILLION SHARES IN AUSTRALIAN ETHICAL INVESTMENT
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