Nuplex says Allnex takeover given European antitrust approval; shares to delist

Nuplex Industries confirmed its takeover by Allnex Belguim SA had received antitrust clearance from the European Commission, paving the way for its transfer into the hands of the private-equity backed Belgian company to create one of the world’s largest makers of coating resins. 

Nuplex shares will cease trading on the NZX and ASX at the close of trade on Monday, Sept. 5, the Auckland-based company said in a statement. Shareholders owning the stock on the record date of Sept. 7 will receive $5.43 per share, and a dividend payment of 3.15 cents per share due to a delay in receiving EC antitrust approval, the company said.

The shares will be delisted from the NZX and ASX  at the close of trading on Tuesday, Sept. 13. The stock last changed hands at $5.35, having advanced 13 percent this year.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

WIN - Winton Announces Timing of its Interim Results for FY26
FBU - Fletcher Building Quarterly Volume Report for Q2 FY26
January 13th Morning Report
RAK - Rakon Receipt of Takeover Notice
January 12th Morning Report
GEN - Resignation of Corporate Counsel and Company Secretary
January 9th Morning Report
VSL - Confirmation of MD/CEO and Board changes
January 5th Morning Report
December 31st Morning Report