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Provider: Reuters Investment Profile
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Aktia Abp Announces Merger with Wholly-Owned Subsidiary Aktia Bank Abp; Aktia Abp to Apply for Delisting from NASDAQ OMX Helsinki Ltd; Aktia Bank Abp to Apply for Listing on NASDAQ OMX Helsinki Ltd.


Thursday, 14 Feb 2013 07:00am EST 

Aktia Abp announced that its Boards of Directors and its wholly-owned subsidiary Aktia Bank Abp have on February 14, 2013 approved and signed a merger plan according to which a merger of the Company with Aktia Bank Abp will take place. The merger is included in Aktia Group's 2015 plan of action which includes work on improving the Group's cost structure. Simplifying the Aktia Group structure aims at greater cost efficiency in administration, processes and shared functions. The Annual General Meetings of the Company and Aktia Bank Abp will decide on the merger on April 9, 2013. The planned effective date of the merger is July 1, 2013. Following the merger, the Company will be dissolved, and as merger consideration the shareholders of the Company will from Aktia Bank plc receive one new A share in Aktia Bank Abp for each A share in the Company and one new R share in Aktia Bank Abp for each R share in the Company. The Board of the Company has also decided that all shares in the Company will be delisted from the Official List of NASDAQ OMX Helsinki Ltd, and the Board of Aktia Bank Abp has decided that all shares in Aktia Bank plc will be listed on the Official List of NASDAQ OMX Helsinki Ltd when the merger takes effect. Aktia Abp will immediately register an application for delisting from, and Aktia Bank Abp will apply for listing on the Official List of NASDAQ OMX Helsinki Ltd. 

Company Quote

9.31
-0.09 -0.96%
11:29am EST