Ansarada’s Acquisition Advances with FIRB Approval

Ansarada Group Ltd. (AU:AND) has released an update.

Ansarada Group Limited has announced that its proposed acquisition by Datasite, owned by CapVest-managed funds, has cleared a significant hurdle with the approval from the Foreign Investment Review Board under the Australian Foreign Acquisitions and Takeovers Act. The completion of the acquisition is still contingent upon additional approvals, including from Ansarada’s shareholders and the Supreme Court of New South Wales. Ansarada’s Independent Directors have unanimously recommended shareholders to vote in favor of the acquisition and a related Carve-Out Transaction.

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