Sale of non core asset interests
| Stock | ARC Funds Ltd (ARC.ASX) |
|---|---|
| Release Time | 27 Mar 2026, 8:26 a.m. |
| Price Sensitive | Yes |
ARC Funds Ltd sells non-core asset interests for $350,000
- Disposal of 72% stake in Merewether Capital Management for $100,000
- Sale of ARC Fund Operations Pty Ltd for $250,000
- Transactions part of strategy to simplify corporate structure and redeploy capital
ARC Funds Limited (ASX:ARC) has announced that it has entered into non-binding term sheets for the disposal of two non-core assets for a total consideration of $350,000. The first transaction involves the sale of 771,880 fully paid ordinary shares in Merewether Capital Management Pty Ltd, representing approximately 72% of the issued capital, for $100,000 cash. The second transaction is the sale of ARC Fund Operations Pty Ltd for $250,000 cash. Both transactions are expected to complete on or before 1 May 2026, subject to customary completion conditions. The disposals form part of ARC's broader strategy to simplify its corporate structure and redeploy capital toward growth initiatives across funds management, advisory, and credit-related activities, while also strengthening the balance sheet. ARC's overarching strategy remains unchanged, as the company continues to offer a diverse range of investment opportunities across multiple asset classes, with the goal of empowering Australians through improved access to investment solutions. ARC also reiterates its previously stated objective of pursuing investment opportunities to expand its existing portfolio of businesses, including acquiring strategic stakes in complementary businesses that enhance its platform and capabilities.