AUB Group Ltd
AUB: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| <$ | LOCK|FGKy | LOCK|Qq#QvH |
AUB Group: Corporate Action, Equity Raising to Fund UK Expansion
AUB Group's proposed acquisition of Prestige for AUD 432 million is part of its strategy to expand its retail broking business in the UK. Funded by a AUD 400 million placement at AUD 29.40 per share, AUB will still have plenty of firepower for more mergers and acquisitions opportunities.
