MNF Group Ltd (ASX:MNF) Enters Binding Agreement with Vonex Limited (VN8.AX)
MNF Group Ltd (ASX:MNF) Enters Binding Agreement with Vonex Limited (VN8.AX) FRA:M2S) today announced that it has entered a binding agreement with Vonex (VN8.AX) for the sale of part of its Direct business. The Company announced it had signed a conditional term sheet with Vonex on 7 June 2021, to sell part of its Direct Business for $31 million. All conditions have been satisfied, including detailed due diligence and the Company has now signed a binding agreement with completion set for early August. The divestment of these direct businesses is in line with MNF's strategy to simplif...