IQGeo Group PLC (GB:IQG) has released an update.
IQGeo Group PLC has agreed to a recommended cash acquisition by Geologist Bidco Limited, a company backed by funds advised by Kohlberg Kravis Roberts & Co. L.P. The acquisition, which is to be completed through a Court-sanctioned scheme of arrangement, has cleared major antitrust and regulatory hurdles and is expected to finalize on 23rd September 2024, pending remaining conditions and court sanctioning. Shareholders of IQGeo have been provided with a timeline for the scheme’s election process and further updates will follow the court hearing scheduled for 19th September 2024.
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