Nov 23 (Reuters) - 360 Capital Group Ltd TGP.AX
* Entered into a transaction to sell 360 Capital Investment Management Limited (CIML) as well as its coinvestment stakes in all funds to Centuria Capital Group
* Deal for $290.7 million
* Group is to provide a $50.0 million vendor loan to Centuria for a term of up to 18 months at an interest rate of 5.0% p.a. Paid monthly
* Post the transaction, group's NTA per security expected to increase about 36.2% from $0.69 per security as at 30 June 2016 to $0.94 per security
* "group intends to fully repay its corporate bonds and be debt free post completion of the transaction"
* Group will also seek securityholder approval at its AGM to buy back up to 48.0 million securities as part of its capital management initiatives Source text for Eikon: Further company coverage: TGP.AX