Australian Finance Group (ASX:AFG) acquired the remaining 16.7% stake in National Finance Alliance, trading as Fintelligence, for AU$11.4 million, bringing its ownership to 100%, according to a Friday filing with the Australian bourse.
The company purchased an initial 75% stake in Fintelligence in December 2021 for AU$52.5 million, with an option to acquire the remaining 25% over a 3.5-year period, the filing said. It further increased its holding to 83.3% in September 2023.
Price (AUD): $1.54, Change: $+0.01, Percent Change: +0.46%
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