Investment Matters

Company news: Aveo

Aveo has acquired another 31% of the Retirement Villages Group (RVG) fund, with it now controlling 73% of the fund (with one other investor remaining).  Aveo intends to initiate Board change, and to bring its service offering into the villages within the fund.    The acquisition will be 1.5% EPS accretive for FY-17 and FY-18, and therefore underlying EPS growth is expected to be at least 7.5% for FY-17 and FY-18.