Mosaic Brands Limited (ASX:MOZ) entered into an agreement to acquire a 49.9% stake in EziBuy Limited from unknown seller for AUD 11 million on October 1, 2021. Once the purchase is settled, the completion payment of AUD 11 million has been deferred to no later than 30 June 2022. For the fiscal year 2021, EziBuy Limited reported EBITDA of AUD 3.7 million.

The transaction completion required all necessary approvals including regulatory approvals.