Commercial Credit and Finance PLC has acquired 55,037,154 representing 96.89 per cent remaining shares of Trade Finance and Investments PLC at Rs. 28 per share.

As a result of this acquisition the Commercial Credit and Finance shares in Trade Finance and Investments has exceeded the threshold of 30 per cent and it became obligatory for Commercial Credit and Finance to make a mandatory offer to the shareholders in respect of all the remaining ordinary shares of Trade Finance and Investments.

A mandatory offer was made by Commercial Credit and Finance which resulted in a further 825,340 shares being acquired.

The remaining 937,906 shares of Trade Finance and Investments will be acquired by Commercial Credit and Finance at Rs. 28 each.