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Qube Holdings Says ACCC Gives Go-Ahead for Rubik Australia Deal

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Qube Holdings (ASX:QUB) said the Australian Competition and Consumer Commission (ACCC) confirmed that it will not intervene in the proposed scheme of arrangement under which Rubik Australia will acquire 100% of Qube's shares and that the scheme may be put into effect, according to a Thursday filing with the Australian bourse.

The transaction remains subject to outstanding approvals from the Australian Foreign Investment Review Board and New Zealand Overseas Investment Office, which are still in progress, the filing said.

The company intends to pay a fully franked special dividend of AU$0.3465 per fully paid ordinary share following implementation of the scheme, the filing added.

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