Friday 18th December 2020 |
Text too small? |
On 26 October 2020, Infratil Limited announced that it had executed a conditional binding offer to acquire up to 60% of Qscan Group Holdings Pty Ltd (“Qscan”) from Quadrant Private Equity (“QPE”) and existing doctor and management shareholders, for total cash equity consideration of up to A$330 million. Infratil’s offer was made in conjunction with the Morrison & Co Growth Infrastructure Fund (“MGIF”), which conditionally offered to acquire up to ~15% of Qscan.
Infratil confirms that it has now obtained approval from the Foreign Investment Review Board of Australia, which satisfies the only remaining condition. Completion of the transaction is expected to occur on 22 December 2020.
Infratil expects that its ownership stake in Qscan will be approximately 56%, which will be finalised as part of completion.
See the link below for more details:
Acquisition of Qscan unconditional
No comments yet
Fletcher Building Announces Director Appointment
Meridian issues new demand response exercise notice to NZAS
CRP - Chatham Closes Private Placement of Shares
General Finance - Olympic Term Deposit Promotion featuring a Special Bonus of 0.1%
July 22nd Morning Report
VCT - Operational performance for the year ended 30 June 2024
Challenge to banks the way to go
Bigger returns or lower risk?
NPH - Director Appointment
July 19th Morning Report