Generation Development Group to acquire remaining 61.9% of Lonsec for $197.4 million

ByNNR June 3, 2024June 3, 2024

SYDNEY, AUSTRALIA: Generation Development Group Limited (ASX:GDG) has entered into a binding agreement to acquire the remaining 61.9%of Lonsec Holdings Pty Ltd’s fully diluted share capital not already owned by GDG for $197.4 million up-front consideration. Following GDG’s highly successful…