Hooker sold by Suncorp
Suncorp Metway Ltd yesterday said it agreed to sell the LJ Hooker real estate network and mortgage broking business for $82 million to Resurrection Pty Ltd, a company run by Leslie Janusz Hooker.Suncorp will receive about $67 million in cash for 100 per cent of Hooker Corp, and extract $15 million in cash prior to the sale.Suncorp said it will record a one-off accounting profit of about $50 million before tax in the half-year to December 2009.