Credit Corp Group Limited (ASX:CCP) entered into a binding agreement to acquire Collection House Limited (ASX:CLH) for AUD 11 million on August 29, 2022. The transaction is subject to acceptance of a proposed Deed of Company Arrangement by the creditors of Collection House, ASIC relief and Court orders enabling the transfer of Collection House shares and performance of completion obligations typical for a transaction of this nature. Completion is expected to occur by September 30, 2022.

This acquisition is not expected to have any material impact on Credit CorpÆs results for the 2023 financial year