By Stuart Condie 
 

SYDNEY--Afterpay Ltd. shareholders overwhelmingly voted in favor of the Australian buy-now-pay-later provider's acquisition by Block Inc.

The ASX-listed company on Tuesday said 99.95% of votes cast at a scheme meeting went in favor of the all-scrip takeover, which valued Afterpay at about $29 billion when it was announced in August.

Afterpay said the only remaining condition was the Bank of Spain's approval for Block's license application.

It said it expects the Supreme Court in Australia's New South Wales to approve the scheme on Friday, subject to subsequent satisfaction of the Bank of Spain condition.

 

Write to Stuart Condie at stuart.condie@wsj.com

 

(END) Dow Jones Newswires

December 13, 2021 21:59 ET (02:59 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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