IOOF Holdings Provides Update on Acquisition

  • Oct 17, 2019 AEDT
  • Team Kalkine

IOOF Holdings Limited (ASX: IFL) has provided an update on the acquisition of ANZ P&I. It is reported that No Objection Notices has been received by OnePath Custodians Pty Limited & Australia and New Zealand Banking Group Limited (ASX: ANZ).

  • Purchase price revised from $950 million to $825 million.
  • Parties could terminate the transaction until 31 December 2019.
  • Parties might extend the date to 30 June 2020.

By 12:40 PM AEST, IFL was trading at $6.78, up by 6.6% relative to the last close.


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