Konekt
(ASX:KKT) has received consent from the Department of Employment to go ahead with the 100 per cent change of control of Mission Providence.
The acquisition is worth $24 million.
Mission Providence provides employment services across Australia including the government’s Jobactive program.
Consent was the only condition precedent to the acquisition.
The completion is expected to occur within the next week or so.
Shares in Konekt
(ASX:KKT) are trading down 1.04 per cent to 48 cents per share.
