SGO 0.00% 2.0¢ stream group limited

News: SGO Stream Group updates on sale of NZ business

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    Jan 27 (Reuters) - Stream Group Ltd (SGO)

    • Sale of NZ business
    • Its New Zealand subsidiary, Symetri Limited, has entered into an agreement to sell its operating business and most of its assets
    • On completion of agreement with GBL, assets of Stream will consist of cash and STI
    • Purchaser is Gallagher Basset (NZ) Ltd
    • Agreement's earnout payment will be capped at nz$18 million
    • There will be no changes to board of stream; all sti staff members will remain with sti
 
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