Report
Tony Sherlock
EUR 147.86 For Business Accounts Only

Aveo Scoops Up RVG and is Set to Convert to More Lucrative Fee Structure. FVE Raised to AUD 3.70

In what is becoming a recurring theme, Aveo Group’s fiscal 2016 result announcement coincided with an institutional capital raising, in this case to fund the purchase of the remaining 27% stake in Retirement Villages Group, or RVG, for approximately AUD 100 million. Aveo takes full ownership of RVG’s 3,415 accommodation units across 28 villages. Going forward, the business will have a simpler ownership structure, but priorities have changed slightly. Aveo hasn’t guided for the transaction to be ...
Underlying
Aveo Group

Aveo Group is engaged in the development for resale of land and residential, retail, commercial and industrial property, the investment in, and management of, income producing retail, commercial and industrial Property, commercial, industrial and residential building and construction for the Group, and funds and asset management. As of June 30, 2016, Co. operated in two segments: Retirement, which develops and operates retirement villages and aged care facilities to produce rental and other income; and Non-retirement, which develops residential, commercial and retail property.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Tony Sherlock

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