16/01/2020 - 17:00

Ibaera approaching critical percentage in Azumah takeover

16/01/2020 - 17:00

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Private equity firm, Ibaera now holds a relevant interest in Azumah Resources of 88.85% following last year’s off-market takeover bid. Azhuma’s sole independent director has encouraged remaining holders to accept the offer before the official closing date of the 17th January. If Ibaera acquires 90% or more of Azumah’s shares, it will likely move to compulsorily attain any remaining shares and/or delist the company from the ASX.

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