The Lirmont group acquires 100% of Taldine for consideration of 9,000,000, of which 2,500,000 in new Lirmont shares and the balance in cash. Taldine holds 740,000 of cash. Compute the net investing outflow.
- Total consideration
- 9,000,000
- Part settled in shares
- 2,500,000
- Cash of the subsidiary acquired
- 740,000