PEP 0.00% $3.69 pepper residential securities trust no. 39

News: PEP Pepper enter into international consumer finance alliance

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    July 29 (Reuters) - Pepper Group Ltd (PEP) :

    • Strategic partnership with banco popular
    • Pepper Group and Banco Popular enter into a international consumer finance alliance
    • Says anticipated charges resulting from the transaction are expected to reduce the gain by A$9 million
    • One-off gain on sale for Pepper Group of between $23-25 million before tax and restructuring charges
    • Pepper Group and banco popular to create a 50-50 joint venture in the Spanish unsecured consumer finance market
    • Expects to achieve an adjusted npat of between $23 million and $23.5 million for the six months ended 30 June 2016
    • Says reconfirms its CY16 guidance of at least an adjusted npat of $59 million

 
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