Brief: Colruyt Announces Two 'Silent Mergers'

Colruyt NV

16/08/2023 17:23

Aug 16 (Reuters) - Etablissementen Franz Colruyt NV
 COLR.BR :
    * AMBITION FOR YEARS AHEAD IS TO CONTINUE TO GROW, GAIN
FURTHER
EXPERT KNOWLEDGE AND PROVIDE SUSTAINABLE OFFERING IN FOUR AREAS
OF EXPERTISE: 'FOOD', 'HEALTH AND  WELL-BEING', 'NON-FOOD' AND
'ENERGY'
    * THE LEGAL CORPORATE STRUCTURE IS BEING SIMPLIFIED FURTHER
BY 
CENTRALISING ALL COLRUYT GROUP ACTIVITIES BY AREA OF EXPERTISE
    * TRANSACTIONS WILL TAKE PLACE WITH EFFECT FROM 1 OCTOBER
2023
    * TWO TRANSACTIONS ASSIMILATED TO MERGER BY ACQUISITION
(SO-CALLED
“SILENT MERGERS”) OF WITH COLRUYT GROUP SERVICES NV AND FINCO NV
WITH ETABLISSEMENTEN FR. COLRUYT NV
    * CONTRIBUTION OF BRANCH OF ACTIVITIES BY ETABLISSEMENTEN
FR.
COLRUYT NV TO COLRUYT FOOD RETAIL NV.
    * DECIDED TO PROCEED TO SILENT MERGERS OF ETABLISSEMENTEN 
FR.
COLRUYT NV, AND COLRUYT GROUP SERVICES NV ON ONE HAND  AND FINCO
NV ON THE OTHER
    * THE TARGET DATE FOR  COMPLETING BOTH SILENT MERGERS HAS
BEEN
ESTABLISHED BY NOTARY DEED ON  30 SEPTEMBER 2023, WITH LEGAL,
ACCOUNTING AND TAX EFFECT FROM 1 OCTOBER

Source text: [ID: https://bit.ly/3qqQr3z ]
Further company coverage:  COLR.BR 

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