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BRIEF-Aveo Group says exchanged contracts for acquisition of Freedom Aged Care Pty Ltd

Published 17/02/2016, 08:44 am
© Reuters.  BRIEF-Aveo Group says exchanged contracts for acquisition of Freedom Aged Care Pty Ltd
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Feb 17 (Reuters) - Aveo Group AOG.AX :

* Says exchanged contracts for the acquisition of 100% of freedom aged care pty ltd

* Freedom has been acquired for consideration of $215.5 million plus acquisition costs

* Says forecast underlying EPS growth will now be at least 6% for FY 2017 and FY 2018

* Says acquisition will positively contribute to co's target of growing its return on retirement assets to 8% by FY 2018

* Says acquisition is accretive to the group's earnings per security in FY 2017 and beyond

* Says syndicated facility lenders have approved to increase the facility by $100 million to $400 million

* Source text for Eikon ID:nASX4Y5blS

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