Alteo Limited completed the Spin-Off of Miwa Sugar Limited (MUSE:MIWA.I0000).
The Scheme will be submitted for the approval of the shareholders of Alteo at a forthcoming special meeting of shareholders of Alteo to be scheduled on or around August 25, 2022. On August 25, 2022, the shareholders of Alteo Limited approved the deal. The proposed Scheme and Admission are still subject to the approval of regulators, creditors and sanction by the Supreme Court. Record date will be November 8, 2022. The transaction is expected to close on November 21, 2022. On October 17, 2022, Supreme Court of Mauritius sanctioned the Scheme of Arrangement and the Court Order has been filed with the Registrar of Companies on October 20, 2022. PricewaterhouseCoopers Services Limited acted as financial advisor to Alteo Limited.
Alteo Limited (MUSE:ALTG.N0000) completed the spinoff of Miwa Sugar Ltd. on November 28, 2022.