Nick Politis launches $77 million takeover bid for Queensland pub owner

·

Rich Lister and Sydney Roosters chairman Nick Politis has launched a $77 million all-cash takeover bid for ASX-listed Queensland pub and shopping centre owner Eumundi.

SEQ Hospitality, which is half owned by Politis, has entered into a transaction implementation deed to acquire Eumundi at $1.55 cash per share through an off-market takeover and scheme of arrangement.

In the absence of a better offer, Eumundi’s directors, who hold about 43 per cent of the company’s shares, have unanimously recommended the SEQ proposal.

Rich Lister and Sydney Roosters chairman Nick Politis has snapped up two Melbourne Porsche dealerships for just under $50 million.
Rich Lister and Sydney Roosters chairman Nick Politis.

Eumundi chairman Joe Gamin said, “We believe this transaction not only provides shareholders with an attractive exit, but also secures the continued success of Eumundi’s current business ­operations.”

The company started as a craft brewery in the rural town of Eumundi on the Sunshine Coast.

Its current assets include the Ashmore Tavern on the Gold Coast, the Aspley Tavern, Aspley Shopping Centre and Aspley Arcade Shopping Village, The Plough Inn in Brisbane and The Court House Hotel at Murwillumbah in northern NSW.

Source: The Daily Telegraph.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

AHEPA NSW honour heroes and heroines for OXI Day

On Wednesday, October 30, AHEPA NSW Inc held its annual National Day celebration at its Hall. Read more here.

Hellenic Australian Lawyers Association hosts engaging discussion on Parthenon Marbles

The Hellenic Australian Lawyers Association NSW and ACT Chapters hosted an event on the legal debates surrounding the Parthenon Marbles.

Annual service in Melbourne marks anniversary of the Armistice of Mudros

The Shrine of Remembrance in Melbourne held its annual service on 31 October 2024, marking the 106th anniversary of the Armistice of Mudros.

Greek football clubs respond to new National Second Tier format

South Melbourne FC and Sydney Olympic FC have both responded to Football Australia's recent announcement on the National Second Tier.

Mike Zervos OAM wins Monash University Dean’s Alumni Award

In October, Courage to Care Victoria CEO Mike Zervos OAM received a Monash University Business School Alumni Impact Award.

You May Also Like

Australian passport ranked the world’s second most expensive

The price of Australian passports was raised by 15% in July, making it the second most expensive in the world after Liechtenstein at $450.

Former US President Barack Obama to visit Greece in June

Former President of the United States, Barack Obama, will visit Athens, Greece in June, according to Ekathimerini.

Victorian Tina Stefanou awarded the Blake Emerging Artist Prize

Greek Australian visual artist and vocalist Tina Stefanou has been awarded the 68th Blake Prize in the emerging artist category.