Canadian fintech company Nuvei Corporation (TSX:NVEI) announced today that the Company has obtained a final order from the Superior Court of Québec (Commercial Division) approving the previously-announced plan of arrangement under section 192 of the Canada Business Corporations Act involving the Company and Neon Maple Purchaser Inc., a newly-formed entity controlled by Advent International, L.P.
This final court approval follows the shareholder approval that was obtained at the special meeting of Nuvei’s shareholders held on Tuesday, June 18, 2024.
The Arrangement remains subject to the satisfaction or waiver of certain other closing conditions customary in a transaction of this nature, including the receipt of key regulatory approvals.
Assuming that these remaining conditions to closing are satisfied, the Arrangement is expected to be completed in late 2024 or in the first quarter of 2025.
