Koncar Elektroindustrija d d : 16.06.2021. Information about the merger between the companies KONČAR – Power Plant and Electric Traction Engineering Inc. as the acquiring company and KONČAR – Engineering Co. for Plant Installation & Commissioning Inc. as the acquired company
June 16, 2021 at 10:22 am EDT
Share
Croatian Financial Services Supervisory Agency Zagreb Stock Exchange
Croatian news agency HINA Company website
Security: KOEI-R-A
ISIN: HRKOEIRA0009
LEI: 74780000H0SHMRAW0I15
Home member state: Croatia
Regulated market segment: Official Market of the Zagreb Stock Exchange
Zagreb, 16 June 2021
Subject:
Information about the merger between the companies Končar - Power Plant and
Electric Traction Engineering Inc. as the acquiring company and Končar -
Engineering Co. for Plant Installation & Commissioning Inc. as the acquired
company
Končar - Electrical Industry Inc. Zagreb, as the issuer whose securities are listed on the official market of the Zagreb Stock Exchange, announces a change to be realised as part of the restructuring process within the companies of the Končar Group, based on decisions of the Management and Supervisory Boards of Končar - Electrical Industry Inc.
On 15 June 2021, extraordinary General Assembly meetings of the companies Končar - Power Plant and Electric Traction Engineering Inc. and Končar - Engineering Co. for Plant Installation
Commissioning Inc. were held, at which meetings the Decision on Approval of the Merger Agreement concluded on 1 June 2021 between Končar - Power Plant and Electric Traction Engineering Inc., as the acquiring company, and Končar - Engineering Co. for Plant Installation
Commissioning Inc., as the acquired company, was adopted, along with the Decision on Increasing the Share Capital of the Acquiring Company in order to implement the merger.
Končar - Electrical Industry Inc. Zagreb expects the said merger to have a positive effect on the operations of Končar Group in the upcoming period.
Končar - Electrical Industry Inc.
Attachments
Original document
Permalink
Disclaimer
Koncar - elektroindustrija dd published this content on 16 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2021 14:21:02 UTC.
KON?AR Elektroindustrija d.d. specializes in the production and marketing of equipments and electric systems for the energy, transport and industry sectors. The group proposes electricity transmission and distribution equipments, electromotive machines, medium and low voltage equipments, catering equipments, household devices, etc.
Net sales break down geographically as follows: Croatia (40.7%), European Union (45.8%), Europe (3.7%), Asia and Africa (4.6%), America and Australia (2.3%) and others (2.9%).
Koncar Elektroindustrija d d : 16.06.2021. Information about the merger between the companies KONČAR – Power Plant and Electric Traction Engineering Inc. as the acquiring company and KONČAR – Engineering Co. for Plant Installation & Commissioning Inc. as the acquired company