Listed Companies

Augusta agrees conditional $180m takeover by Centuria

Dan Brunskill
Wed, 29 Jan 2020

Property investor and fund manager Augusta Capital has agreed in principle to sell the business to Sydney-based Centuria Captial Group in a cash-or-scrip deal valuing the firm's equity at $180 million.Centuria has agreed to offer $2 per share, putting an enterprise value on Auckland-based Augusta of $204 million. That offer - through either cash or shares - would be equivalent to 17.9 times the firm's 2019 earnings before interest and tax and 25.9 times net profit after tax and will be made under the Takeovers Code.Augusta shareholders op...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News via email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE

RBA hikes rates by 50 basis points

Ella Somers | Tue, 05 Jul 2022

The RBA’s hike was widely expected to be either in the 25bp or 50bp camp so the decision to go with a 50bp jump didn’t come as a huge surprise.

Health

Kiwis' mental health down during pandemic, says wellbeing survey

Greg Hurrell | Tue, 05 Jul 2022

A Statistics NZ wellbeing survey that was cut short by last year's covid lockdown shows that more than a quarter of the population suffered from poor mental health.

Energy

Genesis could extend Huntly's life to post-2040 using biomass

Ian Llewellyn | Tue, 05 Jul 2022

Genesis considers the lifecycle of the Rankine units running on biomass can be extended to 2040 and possibly beyond.

Augusta agrees conditional $180m takeover by Centuria

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team