Retail Food Group Limited (ASX:RFG) agreed to acquire BEEFY'S PTY LTD for AUD 10 million on November 30, 2023. A cash consideration of AUD 5.5 million will be paid by Retail Food Group Limited. The consideration consists of common equity 33.33 milion of Retail Food Group Limited having a value of AUD 2 million to be issued for common equity of BEEFY'S PTY LTD. Retail Food Group Limited will pay an earnout/contingent payment of AUD 2.5 million cash. As part of consideration, AUD 10 million is paid towards common equity of BEEFY'S PTY LTD.

Retail Food Group Limited (ASX:RFG) completed the acquisition of BEEFY'S PTY LTD on December 11, 2023.