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KM Financial Solutions | UPDATE 1-Australia’s AMA Group calls off Blackstone deal after tax ruling, shares slide
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UPDATE 1-Australia’s AMA Group calls off Blackstone deal after tax ruling, shares slide

21 Jun UPDATE 1-Australia’s AMA Group calls off Blackstone deal after tax ruling, shares slide

Posted at 00:56h in News by
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June 22 (Reuters) – Australia’s AMA Group said on
Friday it has halted a deal to sell its vehicle panel repair arm
to Blackstone Group for A$508 million ($375 million)
following an unfavourable ruling from the Australian Taxation
Office.

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