Brief: Seri Industrial Starts Reorganization Process

Seri Industrial SpA

14/12/2018 07:09

Dec 14 (Reuters) - Seri Industrial SpA  SERK.MI :
    * SAID ON THURSDAY THAT IT STARTED CORPORATE STRUCTURE
SIMPLIFICATION PROCESS 
    * FOLLOWING THE REORGANIZATION TO FOCUS ITS ACTIVITIES ON
THREE
MACRO SECTORS: EXHAUSTED BATTERIES TREATMENT, PLASTIC COMPONENTS
AND GRANULES PRODUCTION AND LEAD AND LITHIUM ELECTRIC BATTERIES
PRODUCTION
    * SAID THE PRINCIPAL INVESTMENTS HELD BY THE WHOLLY-OWNED
SUBSIDIARY SEI INDUSTRIAL SPA WILL BE TRANSFERRED TO THE
COMPANY, EFFECTIVE JAN. 1 AND ACTIVITIES OF SEI INDUSTRIAL WILL
CEASE
    * INVESTMENTS INCLUDE 100 PCT OF THE SHARE CAPITAL OF SERI
PLANT
DIVISION S.R.L., SERI PLAST S.R.L. AND FIB S.R.L.
    * ADDITIONALLY INDUSTRIE COMPOSIZIONE STAMPATI S.R.L.
OWNERSHIP
WILL BE TRANSFERRED BY SEI INDUSTRIAL S.R.L. IN SERI PLAST
S.R.L. 
    * THE INTRA-GROUP TRANSFER FROM SEI INDUSTRIAL TO SERI
INDUSTRIAL
TOOK PLACE ON THE BASIS OF THE ACCOUNTING VALUES OF INCLUSION OF
EUR 57.5 MILLION INVESTMENTS IN FINANCIAL STATEMENTS OF SEI
INDUSTRIAL AND IS EXPECTED TO BE SETTLED BY THE PARTIES BY THE
END OF 2019 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA8CfhNL
    
 Further company coverage:  SERK.MI  
   


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