Brief: Sidenor Holdings to merge by absorption with Viohalco

Viohalco SA

29/04/2015 17:13

April 29 (Reuters) - Sidenor Holdings SA  SID.AT : 
    * Says its board and board of Viohalco SA  VIOH.BR  elected 
the merger of the two companies, to strengthen the capital 
structure of its steel producing plants located in Greece 
    * Says to secure ongoing support through better access to 
the international capital and money markets 
    * Says the merger to serve need for immediate financial 
support in its production plants in Thessaloniki and Almyros, 
Magnisia 
    * Says the company to be absorbted by Viohalco and sets Dec. 
31, 2014 as the transformation balance sheet date 
    * Says as consequence of merger, its shareholders to 
exchange their shares with Viohalco shares, to be listed and 
traded in Athens and Euronext stock exchanges 
    * Says proposed exchange ratio set at 2.28 of its shares for 
1 Viohalco share 
    * Says completion of merger is subject to approval of both 
merging companies general shareholder meetings 
 
Source text: http://bit.ly/1HRrrCg 
     
Further company coverage:  SID.AT  
 
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