UPDATE: InterBulk Takeover Scheme Of Arrangement Sanctioned By Court

LONDON (Alliance News) - InterBulk Group PLC on Monday said the scheme of arrangement in relation to its takeover by Den Hartogh Holdings BV was sanctioned by the High Court of Justice in England and Wales.

The scheme is expected to become effective on Wednesday, and as a result, InterBulk intends for its shares to be cancelled from trading on AIM on Thursday.

InterBulk, which provides logistics services for the chemical, polymer, food and mineral industries, is being bought by fellow logistics service provider Den Hartogh for 9.00 pence per share, valuing the company at GBP42.1 million.

InterBulk's shares were suspended at 0730 GMT on Monday when it revealed that the high court was considering the scheme. The stock last traded at 8.80p.

By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews

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