CGI Inc. (TSX:GIB.A) entered into share purchase agreements to acquire 22.63% stake in Acando AB (publ.) (OM:ACAN B) from Svolder AB (publ) (OM:SVOL B), Svedulf Fastighets AB and Bjursund Invest AB for SEK 4.5 billion on March 11, 2019. Under the terms, 23.5 million shares will be acquired at SEK 41.45 per share. The acquisition of 10.4 million of the above-mentioned shares (class B shares) got completed immediately. The acquisition of the remaining 13.2 million of the above-mentioned shares (3.6 million class A shares and 9.5 million class B shares) will be completed upon approval by German competition law authorities, which is expected to be obtained no later than around one month after March 11, 2019.

CGI Inc. (TSX:GIB.A) completed the acquisition of 22.63% stake in Acando AB (publ.) (OM:ACAN B) from Svolder AB (publ) (OM:SVOL B), Svedulf Fastighets AB and Bjursund Invest AB on April 16, 2019.