CGU offer unconditional

CGU has declared its offer for Hibernian Group unconditional as to acceptances and will remain open for them until further notice. This follows the receipt of acceptances representing 69.6 per cent of the issued shares and 76.2 per cent of the numbers. Together with the 28 per cent it owned prior to the offer, it now owns 97 per cent of Hibernian.

Discussions with the regulatory authorities "are now largely concluded" and full clearance is expected in the next few weeks. When the offer has become unconditional in all respects, the outstanding shares will be compulsorily acquired, according to CGU.