tiprankstipranks
Auswide Bank Finalizes Acquisition of Selfco
Company Announcements

Auswide Bank Finalizes Acquisition of Selfco

Auswide Bank Ltd. (AU:ABA) has released an update.

Don't Miss Our Christmas Offers:

Auswide Bank Ltd. has completed its acquisition of Specialist Equipment Leasing Finance Company Pty Ltd (Selfco), a non-bank SME asset finance lender, for a total of up to $6.5 million. The deal includes an initial payment in Auswide shares and contingent payments tied to Selfco’s future profits, with a structured share release plan. Key Selfco personnel have committed to stay on post-acquisition, ensuring continuity in management.

For further insights into AU:ABA stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App