The acquisition of Colonial First State Private Capital Limited (CFI) has moved towards completion after it said today the Federal Court of Australia made orders approving the Scheme of Arrangement by which Sunsuper will acquire all of the CFI Shares on issue for 79.8 cents per CFI share.
As at 21 December, CFI's listing on the Australian Stock Exchange will be officially terminated, with the transfer of CFI Shares to Sunsuper Acquisition Company set to occur on 20 December 2007.
Following the implementation of the scheme, CFI will become wholly-owned by Sunsuper Investments A, an indirect subsidiary of Sunsuper.
The company has requested for suspension from official quotation as of close of trading on 10 December 2007.
Shareholders approved the Sunsuper proposal at the end of November.
Shares in CFI rose by 0.5 cents, to close up at 79.5 cents.
