Sale of AAP Formalised
The sale of Australian Associated Press (AAP) to a consortium of impact investors and philanthropists was formally completed on 30 June 2020, ending 85 years of ownership by Australia’s major publishing groups.
The national news agency will continue to provide a trusted breaking news service with a team of journalists and photographers, most of whom have joined the new organisation from the legacy business.
Nick Harrington the new Head of Strategy and Corporate Development for AAP said, Saltire Capital Partners were instrumental in the design of the structure of the business which has been a large undertaking transitioning the for profit business into a not for profit entity.
- Saltire Capital Partners provided Financial and Tax due diligence services to the consortium
- Read the full news article here.