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.
Oct 1 (Reuters) - Suncorp Group Ltd (SUN) : ANNOUNCES BINDING...
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