Vista Group Acquires Remaining Stake in Associate

  • Oct 14, 2019 AEDT
  • Team Kalkine

Vista Group International Ltd (ASX: VGL) has reported that it acquired remaining 50% interest in the associate company – Numero Limited from Stuyar Pty Limited, taking its total interest to 100%.

  • Transaction consideration is not material and involves cash & VGL stock.
  • Final consideration of the transaction is dependent on earnings & revenue targets achieved by Numero in the next two years.

By 12:32 PM AEST, VGL was trading at $3.49, no change relative to the last close.

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