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Aveo Group Announces Successful Completion of Institutional Placement

Australia’s leading owner, operator and manager of retirement communities, Aveo Group Limited (ASX:AOG) is pleased to announce the successful completion of the fully underwritten institutional placement of new securities in AOG to raise $126.1 million.

The placement will be used to acquire the remaining 27% minority holding in Retirement Villages Group (RVG) that AOG currently does not already own and repay debt drawn to fund the acquisition of previous stakes in RVG.


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