Attacq Faces FX Hurdles With Ikeja City Mall Disposal
South Africa Company, Attacq Limited said it has extended the implementation of Ikeja City Mall disposal deal to June 2022 due to the scarcity of the United States dollar in Nigeria.
In a statement, the company asked shareholders to refer to its previous announcements regarding the disposal of Ikeja City Mall.
It said that due to the ongoing US dollar liquidity constraints in Nigeria, the long stop date to implement the transaction has been extended to 30 June 2022, the statement reads.
However, Attacq hints that the parties remain committed to the transaction, hence it was agreed to proceed with a fully compliant merger application to the Federal Competition and Consumer Protection Commission of Nigeria (FCCPC) in the interim.
It said the extension of the longstop date is conditional on the purchaser submitting a fully compliant merger application on or before 31 May 2022, failing which the longstop date shall be 31 May 2022. #Attacq Faces FX Hurdles With Ikeja City Mall Disposal
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