Alpha Group International plc (LON:ALPH) today provided an update on the progress of the proposed acquisition by Corpay Inc.
Alpha and Corpay announced that they have received the approval of the FCA, MFSA and the Italian FDI Authority.
While the completion of the acquisition remains subject to the satisfaction (or, if capable of waiver, the waiver) of the remaining Conditions set out in the Scheme Document, Alpha and Corpay now expect to proceed to complete the Acquisition at the end of October 2025.
The Court Hearing has been scheduled for 28 October 2025. Subject to the satisfaction (or where applicable, waiver) of the remaining Conditions, the Effective Date for the Acquisition is expected to be 31 October 2025.
The proposed timing of the Effective Date has been changed from 2 Business Days after the Court Hearing to 3 Business Days after the Court Hearing so that the Effective Date may fall on the last day of the month, being 31 October 2025.
On 23 July 2025, the boards of Alpha and Corpay jointly announced that they had reached agreement on the terms of a recommended acquisition, pursuant to which Corpay would acquire the entire issued and to be issued ordinary share capital of Alpha, to be effected by means of a Court approved scheme of arrangement under Part 26 of the Companies Act 2006.
Under the terms of the acquisition, each Alpha Shareholder will be entitled to receive 4,250 pence in cash for each Alpha share.
The Acquisition Price values the entire issued and to be issued ordinary share capital of Alpha at approximately £1,805 million.
On September 2, 2025, Alpha Group’s shareholders approved the proposed deal.
