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
$10.69 |
Change
0.150(1.42%) |
Mkt cap ! $1.838B | |||
| Open | High | Low | Value | Volume |
| $10.55 | $10.88 | $10.43 | $8.379M | 783.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3749 | $10.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.76 | 13194 | 5 |
View Market Depth
| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| MFG (ASX) Chart |