Augusta agrees conditional $180m takeover by Centuria

Augusta agrees conditional $180m takeover by Centuria
Dan Brunskill
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...

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