Soon to be delisted Grintek says its sale to Swedish group Saab has become unconditional.
Grintek`s minority shareholders recently voted to accept an offer by Saab to buy their shares for 200c each.
Saab, through local subsidiary Saab SA, already owns 14.4% of JSE-listed Grintek, and is acquiring the balance, with the exception of the 29.7% stake held by Kunene Finance Company and Kunene Technology Investments.
Grintek says as all the conditions precedent have been fulfilled, the scheme of arrangement has become unconditional.
The purchase price will be paid from 16 May and the share will be delisted from the JSE on 17 May, as previously expected.
The share was suspended from the start of trade yesterday.
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