Receipt of FIRB and OIO approval
| Stock | QUBE Holdings Ltd (QUB.ASX) |
|---|---|
| Release Time | 3 Jul 2026, 4:04 p.m. |
| Price Sensitive | Yes |
Qube Holdings Ltd Receives Regulatory Approvals for Proposed Acquisition
- FIRB approves the acquisition scheme without objection
- OIO consents to the acquisition scheme
- All conditions precedent under the Scheme Implementation Deed are satisfied
- Court approval hearing scheduled for 7 July 2026
Qube Holdings Limited (ASX: QUB) announced that the proposed scheme of arrangement for Rubik Australia Pty Limited (ACN 694 531 792) to acquire 100% of Qube's shares has received written notice from the Foreign Investment Review Board (FIRB) that the Commonwealth Government has no objection to the Scheme under the Foreign Acquisitions and Takeovers Act 1975 (Cth), subject to certain conditions. Additionally, the New Zealand Overseas Investment Office (OIO) has provided all necessary consents under the Overseas Investment Act 2005 (NZ) and the Overseas Investment Regulations 2005 (NZ). These approvals satisfy the conditions precedent under clauses 3.1(a), 3.1(b), and 3.1(d) of the Scheme Implementation Deed. Qube has also received all third-party consents or waivers required to satisfy the condition precedent under clause 3.1(k) of the Scheme Implementation Deed. The Scheme is now subject to Court approval at a hearing scheduled for 9.15 am (Sydney time) on Tuesday, 7 July 2026.
The Scheme remains subject to Court approval, with a hearing scheduled for 7 July 2026.