An undisclosed buyer signed an unconditional contacts to acquire 63 Ann Street in Surry Hills, New South Wales from Abacus Group (ASX:ABG) on January 23, 2024. As part of the agreement, Abacus Group is also selling its remaining 50% interest in Ashfield Mall, Ashfield NSW to Mintus Pty Ltd. The disposal of two non-core Commercial assets is for a net consideration of approximately AUD 107 million. The proceeds from the sale will be utilized to reduce debt The transaction is expected to close in February 2024.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
1.145 AUD | +0.88% | -0.87% | -0.43% |
May. 21 | Abacus Group Reaffirms Distributions Guidance for the Fiscal Year 2024 | CI |
May. 13 | Earnings Flash (ABL) ABACUS LIFE SETTLEMENTS Posts Q1 Revenue $21.5M | MT |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
-0.43% | 673M | |
-13.28% | 12.34B | |
-4.94% | 6.16B | |
-8.19% | 5.33B | |
+11.26% | 5.17B | |
-5.26% | 5.14B | |
+4.85% | 4.69B | |
-13.09% | 4.43B | |
-0.95% | 3.67B | |
-15.31% | 3.11B |
- Stock Market
- Equities
- ABG Stock
- News Abacus Group
- An undisclosed buyer signed an unconditional contacts to acquire 63 Ann Street in Surry Hills, New South Wales from Abacus Group.