trending Market Intelligence /marketintelligence/en/news-insights/trending/cc4Or7uu2A-x1R03kbjP5Q2 content esgSubNav
In This List

Fatfish Blockchain expects to close Abelco Investment deal soon

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A


Fatfish Blockchain expects to close Abelco Investment deal soon

Australia's Fatfish Blockchain Ltd. expects to soon close a merger of its venture builder subsidiary with Swedish private equity group Abelco Investment Group AB (publ) following securing approval from its shareholders.

Under the deal, Fatfish Blockchain will transfer its 81% stake in unit Fatfish Global Ventures AB to Abelco Investment. In return, the Australian company will receive A$12.7 million worth of Abelco Investment shares, or a 50.1% stake in the company's enlarged share capital.

Fatfish Blockchain said Abelco Investment's binding offer for Fatfish Global Ventures became unconditional after the shareholder approval.

In addition, Fatfish Blockchain CEO Kin Wai Lau and Chairman Larry Gan were appointed as directors on Abelco Invetsment's board. Former Fatfish Global Ventures CEO Johan Rooth was appointed CEO of the Swedish private equity group.