Click to view full size

Agos­ti­ni’s planned takeover of Pres­tige Hold­ing is still on hold, due to the ab­sence of the Fair Trade Com­mis­sion board.

In a re­lease is­sued yes­ter­day, the com­pa­ny in­di­cat­ed it was ex­tend­ing the deal to Jan­u­ary de­spite achiev­ing the re­quired min­i­mum share­hold­ing to take over Pres­tige in Sep­tem­ber.

The re­lease said, “De­spite ob­tain­ing the min­i­mum tar­get share­hold­ing for its takeover of Pres­tige Hold­ings Lim­it­ed, Agos­ti­ni Ltd (AGL) still awaits reg­u­la­to­ry ap­provals in or­der to com­plete this trans­ac­tion. While AGL awaits the ap­point­ment of a board of the Fair Trade Com­mis­sion to re­view the trans­ac­tion, it’s of­fer to share­hold­ers of Pres­tige Hold­ings has now been ex­tend­ed to Jan­u­ary 20, 2026. This is to en­sure that reg­u­la­to­ry ap­provals in­clud­ing that of the Fair Trade Com­mis­sion (FTC) is ob­tained.”