Oct 16 (Reuters) - IVE Group Ltd IGL.AX :
* DIVESTMENT OF IVE TELEFUNDRAISING (PARETO PHONE)-IGL.AX
* SIGNED BINDING AGREEMENT TO DIVEST ITS IVE TELEFUNDRAISING BUSINESS TO MERCHANT PLACE INVESTMENTS PTY LTD
* PURCHASE CONSIDERATION IS A$16.5 MILLION PAYABLE IN CASH