Austbrokers acquires 50% interest in Northlake Holdings Pty Ltd trading as Country Wide Insurance Brokers
Austbrokers Holdings Limited (AUB) advises that it has acquired a 50% interest in Northlake Holdings Pty Ltd trading as Countrywide Insurance Brokers (Country Wide). The initial payament is $3.0 million with further payments in 2012 and 2013 based on the performance of the business.To read the ASX annoucement, Acquisition of 50% Interest in Northlake Holdings Pty Ltd