News: ABG Abacus Group Announces Divestment Of Non-Core Assets

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    Jan 23 (Reuters) - Abacus Group (ABG) :

    • DIVESTMENT OF NON-CORE ASSETS
    • EXCHANGED UNCONDITIONAL CONTRACTS TO DISPOSE OF 2 NON-CORE COMMERCIAL ASSETS
    • ASSETS INCLUDE DIVESTMENT OF A 100% INTEREST IN 63 ANN STREET, AMONG OTHERS
    • DIVESTMENT EXPECTED TO SETTLE NO LATER THAN APRIL 2024
    • DIVESTMENT FOR NET CONSIDERATION OF AROUND A$107 MILLION
    • REMAIN OPEN TO DISPOSING ASSETS WHERE ITS APPROPRIATE
    • SETTLEMENT PROCEEDS TO BE UTILISED TO REDUCE DEBT
 
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