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Clime Asset Management unit closes takeover of CBG Capital

A Clime Asset Management Pty. Ltd. unit completed the mandatory acquisition of all the outstanding shares in listed investment company CBG Capital Ltd.

Clime Capital Ltd. launched an off-market conditional takeover bid in June for all of the issued shares of CBG Capital it did not already own. The target company was offered 0.8441 fully paid ordinary shares in Clime Capital and 0.2740 listed convertible notes issued by Clime Capital for every CBG Capital share.

Clime Capital now owns 100% of the shares in CBG Capital, according to an Oct. 25 release.