Arpico Finance remaining entity after merger with Associated Motor Finance

Monday, 16 July 2018 00:00 - - {{hitsCtrl.values.hits}}

Arpico Finance to offer new shares to AM Finance shareholders as consideration

Arpico Finance Company (AFC) will be the remaining entity following its merger with Associated Motor Finance Co Plc. while the latter will cease to exist.

The AMF Board has confirmed that the “consideration” for the merger for its shareholders will be in the form of new shares in AFC subject to the approval of regulators by way of a private placement.

At present the valuation of the two companies has not reached a final stage hence AMF is not able to inform shareholders as to the “consideration.”

The merger was first announced in 2014 and is expected to be completed within the legal merger by November 2019.