Australia’s Pepper Money confirms $760 million takeover approach from Challenger, Pepper Group

Reuters

02/09

Australia’s <a href="https://laohu8.com/S/PPM.AU">Pepper Money</a> confirms $760 million takeover approach from Challenger, Pepper Group

Feb 9 (Reuters) - Australia's Pepper Money PPM.AX on Monday confirmed it received a takeover proposal from investment manager Challenger CGF.AX and majority shareholder Pepper Group, valuing the non-banking lender at A$1.16 billion ($760 million).

(Reporting by Kumar Tanishk in Bengaluru; editing by Diane Craft)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))

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