April 6 (Reuters) - Elanor Investors Group (ENN) :
- ACQUISITION OF CHALLENGER'S AUSTRALIAN REAL ESTATE FUNDS MANAGEMENT BUSINESS
- WILL ISSUE 27.4 MILLION SECURITIES TO CHALLENGER AS CONSIDERATION FOR ACQUISITION
- TO ACQUIRE 100% OF CHALLENGER'S A$3.4 BILLION AUSTRALIAN REAL ESTATE FUNDS MANAGEMENT BUSINESS
- DEAL FOR A MAXIMUM CONSIDERATION OF A$41.8 MILLION
- AGREEMENTS TO ALSO ESTABLISH A BROADER STRATEGIC PARTNERSHIP BETWEEN ELANOR AND CHALLENGER
- ACQUISITION TO DELIVER MATERIAL FY24 EARNINGS ACCRETION
- ENTERED INTO PARTNERSHIP WHEREBY ELANOR WILL BE CHALLENGERS' REAL ESTATE FUNDS MANAGEMENT PARTNER IN AUNZ
- POST-TRANSACTION, CHALLENGER WILL BE ELANOR'S LARGEST SECURITYHOLDER WITH AN 18.2% HOLDING
News: ENN Elanor Investors To Buy Challenger's Australian Real Estate Funds Management Business
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