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PPK to Monetise 39.85% Stake in Craig International Ballistics for Up to A$33.43 Million
8:54am on Monday 20th of April, 2026 AEST
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PPK to Monetise 39.85% Stake in Craig International Ballistics for Up to A$33.43 Million
8:54am on Monday 20th of April, 2026 AEST
Key Points
Conditional sale agreement signed with Mehler for 39.85% stake in Craig International Ballistics
Headline purchase price of A$27.45 million plus earn-out capped at A$5.98 million
Completion expected by 30 June 2026, pending regulatory approvals
Proceeds partly earmarked to repay secured loan, remainder subject to strategic review
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