UIL Ltd (GB:UTL) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
UIL Limited is set to take over Zeta Resources Limited by acquiring all shares held by General Provincial Life Pension Fund Limited (GPLPF), consequently owning 95.03% of Zeta’s share capital. The deal involves UIL transferring its investment in Allectus Capital Limited and issuing new shares to GPLPF, with the transaction valued based on the net asset values as of October 8, 2024. This acquisition is anticipated to be finalized around October 14, 2024, with UIL’s share structure expanding and GPLPF’s ownership increasing to 69% post-acquisition.
For further insights into GB:UTL stock, check out TipRanks’ Stock Analysis page.