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Ama Group Announces Acquisition of Equity Interest in Automotive Solutions Group

08 May 2017  |  15:08:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: null

Ama Group announced that the Company has acquired an equity interest in the ASX listed entity Automotive Solutions Group ("ASG"). The Company has acquired 8,944,282 FPO shares in ASG which represents 17.77% of the issued capital of ASG. This interest was acquired for total consideration of $2.667m; which the Company has financed by existing cash resources.

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