Australian Finance Group Ltd and Connective Broker Services Pty Ltd Call Transcript
Thank you very much, and thank you, everyone, who's joined us today. With me, I have Ben Jenkins, our Chief Financial Officer. What we propose to do today is walk through the announcement and the presentation per se. We will probably spend more time -- allow more time for questions and answers. However, we will like to highlight some of the key parts of the presentation.
So AFG is very, very excited to undertake this transaction and this merger with the Connective Group and particularly because it provides us a significant national mortgage aggregator and broker distribution network, which helps us drive a more effective business and a combined effective business. So the transaction values Connective at $120 million on a cash-free, debt-free basis. And consideration implies a pro forma unaudited reported in FY '19 P/E multiple of around about 11x.
We're creating a significant national broker distribution network to drive greater competition in the home loan market and broadens brokers -- choice for brokers and consumers. Key benefits
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