JBS received Overseas Investment Office approval last week and yesterday the arrangement was confirmed in a High Court order, Scott chairman Stuart McLauchlan said in a statement.
While Scott is likely to get a capital injection of more than $40million in the near future, yesterday's High Court order allows from late next week the release of 1.97millionnew shares, under a rights issue, and payments to shareholders who sold some or all their stakes to JBS.
Under the scheme of arrangement, JBS will be issued with 27.2million ordinary shares, made up of 10million placement shares, plus a "top up'' of 17.2million, taking JBS to 50.1% ownership.
A large majority of Scott shareholders voted last November for the JBS scheme of arrangement.
JBS has said during the process it does not plan a full takeover, will not delist Scott and the head office and Dunedin operations will not be moved.
