An undisclosed buyer entered into an agreement to acquire 71.17% stake in Ascot Radiology Limited from Abano Healthcare Group Limited (NZSE:ABA) (Abano) for NZD 17 million on December 19, 2017. The total consideration consist of NZD 8.4 million in shares and NZD 8.6 million repayment of debt. The transaction is subject to usual conditions requiring change of control consents for material contracts and leases and is expected to occur on February 27, 2018. Proceeds from the sale will be used to fund the continuing growth of Abano dental group, particularly in Australia. An undisclosed buyer completed the acquisition of 71.17% stake in Ascot Radiology Limited from Abano Healthcare Group Limited (NZSE:ABA) on February 27, 2018.