# Omnia shareholders have approved a 21.8-billion-rand buyout offer from India’s Solar Group, paving the way for the 73-year-old South African fertiliser and explosives producer to delist from the Johannesburg Stock Exchange. Omnia was founded in 1953. The offer values the company at 134-rand-50 per share. Solar Group says the deal demonstrates its confidence in Omnia’s long-term growth prospects. The acquisition is expected to strengthen Solar’s global mining explosives operations and expand its agricultural business, subject to regulatory approvals.
Omnia shareholders approve R21.8-billion buyout offer from India’s Solar Group