Aveo Group

( ASX:AOG ) - Real Estate


Potential Bid Distracts From Aveo Downgrade

A busy day yesterday for retirement village operator Aveo Group, with the group warning underlying profits will fall to $50 million cutting its annual distribution to unitholders in half and revealing that it has received a possible takeover offer from an unnamed party, believed to be Canadian investor, Brookfield, or US group, Blackstone.

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