Bapcor Finance Pty Limited
(ASX:BAP) has announced it will complete its takeover of Hellaby Holdings Limited (NZX:HBY).
Auto group, Bapcor says it will compulsorily acquire the remaining shares in the New Zealand listed company, after it previously acquired more than 92.7% of the voting rights in Hellaby’s shares.
Bapcor will commence the compulsory purchase under the New Zealand Takeovers Code, and will write a acquisition notice to the remaining Hellaby’s shareholders.
Bapcor says it’s pleased it received a strong acceptances from Hellaby’s shareholders, after Bapcor declared its takeover offer, unconditional.
Bapcor Finance Pty Ltd
(ASX:BAP) reported a profit of $43.58 million at 30 June 2016.
