IVE Group (ASX:IGL) inks deal with Australian Community Media

Company News

by Anna Napoli

IVE Group (ASX:IGL) has inked a long-term contract with Australian Community Media (ACM) which is expected to generate revenues of $100 million over the five-year term.

The contract is for printing and distribution of publications currently published and managed by ACM.

To support the contract, IVE will acquire selected assets of ACM's web offset printing operation in Mandurah, Western Australia.

Completion is due on October 30.

Shares in IVE Group (ASX:IGL) are trading 5.48 per cent higher at $0.77

 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.