Ovivo Inc. announced that it had completed a previously announced arrangement agreement whereby SKion Water International GmbH acquired all of the Corporation’s Class A subordinate voting shares and Class B multiple voting shares. Under the arrangement, former Ovivo shareholders will receive $4.00 in cash per share.
Following the transaction, the Caisse de dépôt et placement du Québec increased its existing 18.7% ownership in the Corporation to a 30% equity interest by acquiring additional shares from SKion at the $4.00 purchase price. Ovivo is now privately owned by SKion (70%) and the Caisse (30%).
Ovivo is a global provider of equipment, technology and systems producing among the purest water and treating some of the most challenging wastewater in the industry.
