AUB Group (ASX:AUB) terminate sale agreement to acquire Coverforce

Company News

by Rachael Jones

AUB Group (ASX:AUB) has today announced the termination of its conditional agreement with Pemba Capital Partners to acquire Pemba Capital’s interest in Coverforce.

The sale agreement was conditional upon, among other things, delivery of due diligence materials to the AUB Group.

This has not occurred and AUB has not waived its right to due diligence.

In consequence, and as the parties have been unable to reach agreement on an amended date for delivery of due diligence materials, the Conditional Sale Agreement has terminated.

The AUB Group is the leading equity-based risk management, advice and solutions provider in Australasia.

Shares in AUB Group (ASX:AUB) closed 0.86 per cent lower at $11.50
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.