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Provider: Reuters Investment Profile
Provider: Sadif Analytics Prime

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FG Europe SA Announces Approval Of Draft Merger Agreement

Wednesday, 29 May 2013 10:30am EDT 

FG Europe SA announced that its Board of Directors and the Board of Directors its two wholly owned subsidiaries FIDAKIS SERVICE S.A. and FIDAKIS LOGISTICS S.A. approved the Draft Merger Agreement through absorption of the two subsidiaries by FG Europe SA. The absorption will result in economies of scale for FG Europe SA and the Group as a whole. The activities of the absorbed companies will be done, hereinafter, by FG Europe SA, which will absorb their entire staff. The absorbed companies have common Management with the Parent Company, which confirms that the policy followed regarding the activities of the absorbed companies, will not vary. 

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