PPK Group's CIB Interest Sale Now Unconditional
Key points
- Sale of 39.85% interest in Craig International Ballistics Pty Ltd now unconditional
- Transaction expected to complete before end of financial year
- Detailed announcement to follow upon completion
Full summary
PPK Group Limited (ASX:PPK) has announced that the conditions precedent under the share sale and purchase agreement for the sale of its 39.85% interest in Craig International Ballistics Pty Ltd have now been satisfied. As a result, the agreement for the sale is now unconditional. PPK expects the transaction to be completed prior to the end of the current financial year. A more detailed announcement will be made at the time of completion.
Guidance
PPK expects the sale of its 39.85% interest in CIB to complete before the end of the financial year.
Outlook
PPK Group Limited anticipates the completion of the sale of its 39.85% interest in Craig International Ballistics Pty Ltd before the end of the current financial year.
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