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Australia’s Afterpay delays meeting to vote on Square deal -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: A smartphone is held in entrance of a displayed Afterpay brand on this illustration taken, August 2, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters) – Australian buy-now-pay-later big Afterpay Ltd on Thursday mentioned it had determined to delay a shareholder assembly to vote on its acquisition by Sq. Inc (NYSE:), pending regulatory approval from Spanish central financial institution.

The scheme assembly, which was scheduled for Dec. 6, will probably be delayed till the brand new 12 months, with U.S. fintech agency Sq. anticipating an approval from Financial institution of Spain by mid-January subsequent 12 months, Afterpay mentioned.

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