Court rejects call for injunction against Air Mauritius mandatory offer

The Association of small shareholders of Air Mauritius cannot suspend the mandatory offer by Airport Holdings to acquire all shares at Rs5.80 per share.

Their application for an injunction against the move was rejected by the Commercial Court judge Véronique Kwok.

Association secretary Ram Ramlagun said all shareholders are free to act “according to their conscience and their interests.”

Meanwhile, Airport Holdings announced the extension of the mandatory offer period by one week to close on 29 November 2021.