Centuria Capital Group
CNI: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$4.71 | Pmbm | Yzljmkkf |
Centuria Capital: Acquires Another 30% in Centuria Bass Credit, Taking Stake to 80%
Centuria Capital, or Centuria, has increased its stake in lender Centuria Bass Credit, or Bass, to 80%, up from the 50% it has held since 2021. Centuria paid AUD 57 million for the additional stake, paying half in cash and half with Centuria scrip, with an adjustment for tangible assets.