WTL 0.00% 7.3¢ wt financial group limited

News: WTL WT Financial Group To Acquire Millennium3 Financial Services Pty Ltd

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    Nov 21 (Reuters) - Wt Financial Group Ltd (WTL) :

    • WTL TO ACQUIRE MILLENNIUM3 FINANCIAL SERVICES PTY LTD
    • SETTLEMENT OF ACQUISITION IS SCHEDULED TO OCCUR BY MID-DECEMBER 2023
    • WTL WILL PAY A$2.01M TO ACQUIRE M3 ON A DEBT FREE, CASH FREE BASIS
    • TO ACQUIRE MILLENNIUM3 FINANCIAL SERVICES FROM INSIGNIA FINANCIAL LIMITED
    • ON COMPLETION OF DEAL, M3 NETWORK WILL ADD CIRCA A$5BN IN FUA, MORE THAN A$150M OF IN-FORCE RISK INSURANCE PREMIUM
 
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