SUN suncorp group limited

News: SUN Suncorp Group Signs Agreement To Sell Capital S.M.A.R.T And ACM Parts To AMA Group

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    Oct 1 (Reuters) - Suncorp Group Ltd (SUN) :

    • ANNOUNCES BINDING AGREEMENT TO SELL CAPITAL S.M.A.R.T AND ACM PARTS
    • SALE OF CAPITAL S.M.A.R.T TO AMA VALUING 100% OF THE BUSINESS AT $420M
    • CO TO RETAIN A 10% STAKE IN CAPITAL S.M.A.R.T AND A SUBSIDIARY BOARD SEAT
    • AFTER-TAX PROFIT ON SALE IS EXPECTED TO BE IN RANGE OF $275-$295 MILLION
    • SALE CONSIDERATION WILL BE IN THE FORM OF UPFRONT CASH PROCEEDS AND THE RETENTION OF A 10% INTEREST IN BUSINESS
    • SUNCORP ANNOUNCING SALE OF ACM PARTS PTY LTD TO AMA FOR CASH CONSIDERATION OF $20 MILLION
    • UNDER TERMS OF THE TRANSACTION, SUNCORP WILL CONTINUE TO USE ITS EXISTING VALUED NETWORK OF SMASH REPAIR PARTNERS.
 
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(20min delay)
Last
$20.48
Change
0.170(0.84%)
Mkt cap ! $22.17B
Open High Low Value Volume
$20.31 $20.50 $20.28 $23.84M 1.166M

Buyers (Bids)

No. Vol. Price($)
7 5387 $20.48
 

Sellers (Offers)

Price($) Vol. No.
$20.50 4832 5
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Last trade - 16.10pm 28/07/2025 (20 minute delay) ?
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