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Provider : Reuters Investment Profile
Provider : Sadif Analytics Prime
Provider : Sadif Analytics Prime

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Somfy announces details of plan to split company

Tuesday, 10 Jun 2014 11:45am EDT 

Somfy SA:Says its supervisory board declared itself in favor of pursuing project to split company, saying it would improve visibility of Somfy Activites and Somfy Participations.Split could be implemented by means of transfer of some assets of Somfy Participations to company created for this purpose.This company would launch IPO and its shares would be given to Somfy shareholders.Option of offering cash instead of shares to Somfy shareholders is also under consideration.Operation could be implemented before end of year. 

Company Quote

-0.3 -0.11%
9 Oct 2015