The company said it plans to retain a 51 per cent interest in the company, which is expected to list on a stock exchange in March. It noted that it has yet to make a final decision on the potential IPO, which would provide an opportunity for Australian private equity firm Champ Ventures to exit its 42 per cent stake.
SG’s EBITDA is expected to increase to A$66.8m in 2015 from A$61.7m this year, the company said in a statement.
A year ago Champ, which is headquartered in Sydney, exited its investment in building manufacturing and leasing company Australian Portable Buildings, which was sold for A$72.5m.
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