Cordel Group (AIM:CRDL) has cleared its National Security and Investment Act condition, with the Secretary of State notifying acquirer Vossloh on 9 July that no further action would be taken in relation to the deal.
The clearance satisfies a key condition of acquisition that sees under which Vossloh, the German rail infrastructure company, is acquiring Cordel through its wholly-owned subsidiary Vossloh Digital Solutions GmbH.
The acquisition is currently expected to complete on or around 13 August, with the court hearing scheduled for 11 August.
