Nuvei Corporation Moves Towards Privatization with Management Proxy Circular Filing and Interim Order

Nuvei Corporation NVEI, a prominent provider of payment technology solutions, has taken a significant step towards privatization. The company has officially filed its management proxy circular. Furthermore, it has announced the receipt of an interim order concerning its go-private arrangement. Nuvei’s commitment to facilitating seamless payment solutions extends across North America, Europe, Asia Pacific, and Latin America, with its headquarters located in Montreal, Canada.

Details of the Management Proxy Circular Filing

The management proxy circular is a critical document that outlines key information for shareholders regarding the proposed go-private transaction. It provides comprehensive details on what the arrangement entails, its implications for shareholders, and the process going forward. Nuvei's filing of the management proxy circular marks a formal progression in the process of changing the company's ownership structure from public to private.

Interim Order and Next Steps

Alongside the proxy circular, Nuvei has secured an interim order, which is a preliminary judicial approval. It signifies the commencement of official proceedings in the transition. The interim order allows the company to schedule a shareholder meeting, where shareholders will cast their votes on the proposed arrangement. This vote is a pivotal event that will either push the go-private initiative forward or require Nuvei to reassess its strategy.

Nuvei, Privatization, Payments