Pepper Money Limited (ASX:PPM) agreed to acquire 65% stake in Stratton Finance Pty Ltd for AUD 78 million on April 4, 2022. Pepper Money has option to settle Put and Call Option over remaining 35% Stratton shares in cash and / or Pepper Money Limited shares. The transaction is subject to Foreign Investment Review Board (FIRB) approval and other customary conditions precedent. Acquisition is expected to complete in 3rd quarter of CY2022. Chris Mitchell of DLA Piper UK LLP acted as legal advisor to Stratton Finance Pty Ltd.

Pepper Money Limited (ASX:PPM) agreed to acquire 65% stake in Stratton Finance Pty Ltd of AUD 77.8 million on July 1, 2022.