Invictus Investment has announced that its board of directors will reconsider issuing a mandatory offer and completing the acquisition of a majority stake in a food manufacturing company in Africa during its meeting scheduled for next Friday, November 28, 2025. The company clarified in a disclosure to the Abu Dhabi Securities Exchange that the proposed transaction had already been approved by the board of directors in May 2024. It was also noted that the board of directors will discuss other general matters related to its operations during the meeting, which do not have a material impact on its share price.
Invictus Investment to Reconsider Africa Food Manufacturer Acquisition
Invictus Investment will reconsider a deal to acquire a majority stake in an African food manufacturing company. The board meeting is set for November 28, 2025; the deal was initially approved in May 2024.