Nippon Paint takeover of DuluxGroup approved by NZ investment office

Company News

by Jessica Amir

New Zealand Overseas Investment Office (OIO) has given the green light for Nippon Paint Holdings to proceed with its proposed takeover of DuluxGroup (ASX:DLX)

The takeover remains subject to certain other conditions, as well as shareholder approval (as set out in the scheme implementation deed released by DuluxGroup on 17 April 2019).

Shareholders are set to cast their votes on at 2:00 pm (AEST) on 31 July 2019 at The Clarendon Auditorium, Melbourne Exhibition Centre, Victoria.

All DuluxGroup shareholders are encouraged to vote

Shares DuluxGroup (ASX:DLX) are trading 0.05 per cent higher at $9.33

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.