Outsourcing services group Newcourt Group said today that its takeover offer for Irish AIM-listed company Ely Properties is now unconditional.
Newcourt said that it had received valid acceptances for the deal from over 93% of Ely's shareholders by yesterday. The Newcourt EGM yesterday also approved the deal.
Newcourt is paying €22.3m for Ely, a property management business that specialises in student accommodation and has plans to open creches.
The company also said today that it intends to apply for the cancelation of Ely's shares on London's AIM market.
