Shares of Transaction Capital lifted almost 6% on Friday morning after it said it had agreed to sell its Nutun debt collection business in Australia for a total consideration of A$58.3 million .
Nutun Australia is mainly involved in the business of contingency-based and first-party debt collection and rehabilitation services via its operating subsidiary, Recoveries Corporation Holdings. The buyer, Allegro, is an Australian alternative investments company with approximately A$4 billion assets under management.South Africans need to be in the know if we want to create a prosperous future.
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