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Steadfast Group closes takeover offer for IBNA

Steadfast Group Ltd. has closed its takeover offer for IBNA Ltd. with the acquisition of 100% of IBNA's shares.

The company entered into a bid implementation agreement with IBNA in July, terms of which include the company's acquisition of at least 80% of IBNA's shares and IBNA's termination of its joint venture A&I Member Services Pty Ltd.