Brief: Fortec Elektronik To Bundle Operative Business

Fortec Elektronik AG

11/12/2019 12:27

Dec 11 (Reuters) - FORTEC ELEKTRONIK AG  FEVG.DE :
    * BUNDLING OF OPERATIVE BUSINESS AND CONCLUSION OF TWO
OPERATING
LEASES
    * IS PARTIALLY RESTRUCTURING ITS CORPORATE STRUCTURE
    * TO CONCLUDE TWO OPERATING LEASES WITH ITS WHOLLY OWNED
SUBSIDIARIES DISTEC GMBH VERTRIEB VON ELEKTRONISCHE BAUELEMENTE
AND EMTRON ELECTRONIC GMBH WITH EFFECT FROM APRIL 1, 2020
    * IN FUTURE, FORTEC ELEKTRONIK AG WILL ESSENTIALLY ACT AS
HOLDING
COMPANY AND OPERATING ACTIVITIES, INSOFAR AS THEY ARE ALSO
PERFORMED IN GROUP BY OTHER SUBSIDIARIES, SHOULD BE BUNDLED
THERE
    * FOR THIS PURPOSE APPROPRIATE OPERATING LEASE AGREEMENTS
FOR
RELEASE OF RESPECTIVE OPERATIVE BUSINESS OF FORTEC ELEKTRONIK AG
WITH SUBSIDIARIES ARE TO BE COMPLETED

Source text for Eikon:  ID:nEQ9D9Rv0a 
Further company coverage:  FEVG.DE 

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