MFG magellan financial group limited
Add to My Watchlist 0.00% ! $10.50

News: MFG Magellan Financial Group Announces Sale Of Shares In Guzman Y Gomez

  1. Hot News
    193,698 Posts.
    lightbulb Created with Sketch. 2825
    clock Created with Sketch.
    09/05/22
    10:15
    Post #: 61282774

    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
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

3DA Amaero’s big move: Exclusive deal, big targets, and a lot on the line
right-arrow Created with Sketch.
NEWS Gateway acquires interest in strategic Glenburgh South Gold Project in WA
right-arrow Created with Sketch.
NEWS CLEO receives positive FDA feedback supporting ovarian cancer test pathway
right-arrow Created with Sketch.
NEWS Locksley significantly enlarges exploration program after historical discovery
right-arrow Created with Sketch.
FBM Assays confirm strong gold anomalism at Canyon within Miriam Project
right-arrow Created with Sketch.
NEWS Ausgold set to commence extensive multi-rig drilling campaign at Katanning
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist
(20min delay)
Last
$10.50 		Change
0.000(0.00%) 		Mkt cap ! $1.805B
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
3 830 $11.02
 

Sellers (Offers)

Price($) Vol. No.
$9.87 19 3
View Market Depth
Last trade - 09.50am 16/09/2025 (20 minute delay) ?
MFG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.