The High Court has unlocked ScanGroup’s #ticker:SCAN sale of Sh5.35 billion ($50 million) stake in a data and research firm after a judge allowed the firm to hold an online shareholder meeting to approve the deal.
The deal was on the brink of collapse because ScanGroup had been unable to hold a shareholder meeting ahead of the May 30 deadline to close the transaction due to the ban on mass gathering in the wake of the Covid-19 pandemic.
