CyanConnode Accepts GBP37 Million Takeover Offer from UAE's IHC's Unit

MT Newswires · 2d ago
12:00 AM EDT, 08/03/2026 (MT Newswires) -- CyanConnode (CYAN.L) accepted a takeover offer from International Holding Co. (ADX:IHC) subsidiary Esyasoft for a valuation of 36.5 million pounds sterling. The London-listed smart metering company's shareholders will receive 0.10165 pound per share in cash, reflecting a premium of 40% to the closing price as of Feb. 2, according to a July 31 filing. The deal implies an enterprise value of 58.5 million pounds. CyanConnode's directors intend to unanimously recommend that shareholders accept the offer at the planned court meeting. Esyasoft received irrevocable undertakings in support of the offer reflecting a 26.03% share capital in CyanConnode. Closing is expected before Oct. 31, subject to the satisfaction or waiver of requisite conditions.