Courtville Business Solutions Plc has received approval from the Securities and Exchange Commission (SEC) to delist from the Nigerian Exchange Limited (NGX).
In a document obtained by Ripples Nigeria on Thursday and sent to the shareholders of the company, Courtville said its majority investor, BOWS Nigeria Limited, wants to buy out the firm’s minority shareholders.
BOWS, which owns 67.01 per cent of Courtville, has triggered a mandatory takeover bid (MTO) to acquire 32.99 per cent held by the other shareholders of Courtville. This will hand BOWS stake 100 per cent of Courtville.
