(Teleborsa) – AZ Next Generation, (AZ NGA) Australian subsidiary of Azimut today 6 September signed an agreement to acquire the entire capital of Wealthmed Australia.
The agreement envisages, for 49%, an exchange of Wealthmed shares with AZ NGA shares and a progressive repurchase of these shares over the next 10 years. The remaining 51% will be paid to the founding members in cash over a two-year period.
The value of the transaction, including both the cash portion and the share swap, is approximately 6,9 million Australian dollars, equivalent to 4,7 million euros.
