Procurri appoints IFA for Exeo Global takeover proposal

A scheme document with the IFA's advice and directors' recommendations will be issued to shareholders soon.

Procurri Corporation has appointed Evolve Capital Advisory Private Limited as its independent financial adviser (IFA) to guide its independent directors regarding a proposed acquisition by EXEO Global Asset Holdings Pte. Ltd.

“A scheme document containing, inter alia, the advice of the IFA and the recommendations of the independent directors on the scheme will be issued to shareholders in due course,” the company said in a bourse filing.

EXEO Global Asset Holdings is a subsidiary of EXEO Group, Inc. On 28 April, the group entered into an agreement with Procurri Corporation to acquire all issued shares of Procurri Corporation not already owned by the group. The move will delist the Procurri Corporation which will now become part of the EXEO Group.

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