Sharechat Logo

Infratil Limited (NZX: IFT) Acquisition of Qscan

Wednesday 16th 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 notes that it has made good progress towards obtaining approval from the Foreign Investment Review Board of Australia, but the condition has not been fully satisfied at this stage. Infratil remains optimistic that approval will be granted and completion of the transaction will occur this calendar year.

 

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:

 

Correction: Acquisition of Qscan

 

Source: Infratil Limited



  General Finance Advertising    

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.

Related News:

BIF - Acquires shares in Hot Lime Labs
RUA - Cann Group granted TGA GMP for Mildura facility
AFI - Invitation to Results Webcast
PFI Share Buyback Programme to Pause
Greenfern Industries Limited ("GFI") - Late Annual Report
FSF - Monthly Allotment/ Redemption Notice
1st July 2022 Morning Report
General Capital Releases 2022 Annual Report
Fonterra, NZX, EEX confirm GDT strategic partnership
BIF - Annual Report 2022