The Financial Market Council (CMF) announced Thursday it has received a request for the launch of an initial public offering IPO Withdrawal, on the shares of the company CEREALIS.
By this request, Cardinal Brands, holding together with Power Brands, 4,654,447 shares, representing 95.20% of the voting rights of CEREALIS, intends to launch a public buy-out offer for the acquisition by Power Brands of the shares that the latter does not hold in the capital of the said company.
As a result, the listing of the shares of CEREALIS will be suspended as from December 23, 2022.
