Is Credit Corp Set to Take Over humm Group?
Recent developments in the financial sector suggest that debt collection firm Credit Corp is potentially on the brink of a takeover bid for humm group. This move, if successful, would significantly transform Credit Corp’s lending business.
humm Group’s Announcement
Interestingly, it was humm group that revealed this news to the Australian Securities Exchange (ASX) on 19 November 2025. In their disclosure, humm group mentioned that they “received a confidential, conditional, non-binding indicative proposal from Credit Corp to acquire 100% of the shares in the company.” This news has sparked interest and speculation in the financial sector about the potential implications of such a merger.
Credit Corp’s Indicative Proposal
The proposal put forth by Credit Corp includes a scheme of arrangement at $0.77 per humm group share in cash. This would be less any dividends or distributions declared after 19 November 2025. Alternatively, should the scheme of arrangement be unsuccessful, Credit Corp has proposed an off-market takeover offer at $0.72 per share in cash. This offer is conditional upon Credit Corp achieving acceptances for 50.1% of humm group’s shares.
humm Group’s Response
In response to the proposal, humm group has stated that it is “carefully evaluating Credit Corp’s proposal.” As of yet, Credit Corp has not entered into a non-disclosure agreement with humm. However, given the circumstances, such a move seems highly probable.
The Financial Implications
As of June 2025, Credit Corp reported having $380 million in consumer loan receivables, which constitute around a quarter of its assets. On the other hand, humm reported receivables of $.48 billion. The news of the potential takeover saw humm’s shares increase by 7 cents, or 11%, to 73 cents, pushing its market capitalisation to $2.6 billion. Meanwhile, Credit Corp boasts a market cap of $5.1 billion.
What This Means for the Future
If Credit Corp’s takeover bid proves successful, it could lead to significant changes in its lending business. It would also pave the way for further consolidation in the financial sector. However, as this proposal is still in its early stages, it remains to be seen what will transpire in the coming months.
As always, stakeholders and interested parties are advised to keep a close eye on developments and make informed decisions based on credible information. We will continue to monitor the situation and provide updates as they become available.
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