May 9 (Reuters) - Magellan Financial Group Ltd (MFG) :
- SALE OF SHARES IN GUZMAN Y GOMEZ
- PROPOSED DEAL FOR CASH CONSIDERATION OF A$140 MILLION
- MAY ALSO BE ENTITLED TO FURTHER UP TO A$6 MILLION SUBJECT TO PERFORMANCE OF GYG, REALISATION OF INVESTMENT BY TRUST
- ENTERED AGREEMENT FOR SALE OF 11.6% INTEREST IN GUZMAN Y GOMEZ LIMITED TO A BARRENJOEY CAPITAL PARTNERS
- EXPECTS TO RECORD A PRE-TAX PROFIT ON SALE OF A$34 MILLION IN FY22
- COMPLETION OF TRANSACTION IS EXPECTED TO TAKE PLACE IN TWO TRANCHES OCCURRING IN JUNE AND JULY 2022
- PROCEEDS WILL BE USED TO SUPPORT MAGELLAN'S ONGOING CAPITAL MANAGEMENT INITIATIVES
News: MFG Magellan Financial Group Announces Sale Of Shares In Guzman Y Gomez
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Last
$10.82 |
Change
-0.010(0.09%) |
Mkt cap ! $1.860B | |||
| Open | High | Low | Value | Volume |
| $10.76 | $10.84 | $10.68 | $2.506M | 232.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1672 | $10.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.85 | 829 | 4 |
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| Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
| MFG (ASX) Chart |