QBL Fulfils Offer To Acquire 3million shares of Soap & Allied

Quality Beverages Limited (QBL) has fulfilled the conditions to make its voluntary offer for Soap & Allied Industries Limited (SAIL) unconditional.

The offer closes on November 21, 2023, and QBL has already received an acceptance form for a significant transaction and related party transaction of 3,044,963 shares of SAIL.

Once acquired, QBL will have the ability to expand its reach, scale, and manufacturing capacity with new brands while keeping all current SAIL directors post-acquisition.

Both SAIL and QBL shareholders are advised to exercise caution and remain informed of further developments regarding the Voluntary Offer.

Source: Stock Exchange of Mauritius