New South Wales Supreme Court approves On Nut Road’s Donaco acquisition
The New South Wales Supreme Court approved On Nut Road’s scheme to acquire Donaco International, subject to lodging the court orders with the Australian Securities and Investments Commission. Donaco said it hoped to lodge them on 8 August, with the transaction expected to complete by 19 August and eligible shareholders to be paid that day.
The approval clears a key step towards transferring Donaco’s remaining shares to On Nut Road and delisting the company.