Pepper Money's Acquisition of Stratton Finance Shares

Pepper Money Limited (ASX: $PPM) has successfully completed the acquisition of the remaining 35% of shares in Stratton Finance Pty Limited. The purchase price for the remaining 35% was the base price of $42 million and was funded from existing cash balances.

Executive Commentary on Acquisition

Pepper Money is pleased to have finalized the acquisition of the remaining shares in Stratton Finance Pty Limited. This strategic move aligns with our commitment to expanding our presence and offerings in the non-bank lending sector. We are confident that this acquisition will further strengthen our position in the market and enhance our ability to provide innovative financial solutions to our customers.

Summary of Pepper Money's Acquisition

Pepper Money (ASX: $PPM) has successfully completed the acquisition of the remaining 35% of shares in Stratton Finance Pty Limited. The purchase price of $42 million was funded from existing cash balances. This acquisition reflects Pepper Money's dedication to broadening its product offerings and market presence in the non-bank lending sector. Looking ahead, Pepper Money aims to leverage this acquisition to continue providing innovative financial solutions to its customers and further solidify its position as a leading non-bank lender in Australia and New Zealand.