Teaminvest Private Group (ASX:TIP) agreed to terminate the proposed acquisition of Enva Australia and Enva Holdings under a deed of termination and release due to continuing delays with satisfying the conditions precedent, according to a Tuesday Australian Securities Exchange filing.
The termination will not have any impact on its current or historical reported financial performance, the filing said.
Enva continues to share office space in the premises leased by the firm in Adelaide.
Teaminvest Private Group's shares fell past 1% in recent trading on Tuesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.