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News: IPH IPH Ltd Says It Entered Agreement To Divest Investment In Practice Insight

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    21/06/22
    20:15
    Post #: 62122342

    June 21 (Reuters) - IPH Ltd (IPH) :

    • ENTERED INTO AN AGREEMENT TO DIVEST ITS INVESTMENT IN PRACTICE INSIGHT PTY LTD
    • TO DIVEST THE INVESTMENT TO ANAQUA
    • TRANSACTION IS SUBJECT TO OBTAINING APPROVAL FROM FOREIGN INVESTMENT REVIEW BOARD , AMONG OTHERS & IS EXPECTED TO COMPLETE EARLY IN Q1 OF FY23
    • EXPECTS TO RECORD A NET LOSS ON DISPOSAL AFTER TRANSACTION COSTS OF ABOUT A$2.4 MILLION IN FY22
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