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

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Herlitz AG'Herlitz PBS AG to Merge with Pelikan Holding AG

Monday, 7 Oct 2013 07:41am EDT 

Herlitz AG announced that Pelikan International Corporation Berhad, Malaysia, (PICB), the shareholder of Pelikan Holding AG and Herlitz AG, has informed the Board of Directors of Pelikan Holding AG and the Management Board of Herlitz about its proposals to enable Herlitz AG to expedite the completion of the integration between Herlitz PBS AG business and Pelikan's German and Austrian sales operations including administrative functions. Instead of the joint venture structure, it has proposed an acquisition of selected assets and liabilities of the German and Austrian stationery business of Herlitz PBS AG and the logistics services company of Herlitz PBS AG by the Pelikan Group to the Herlitz Management Board of Herlitz AG. The goal is for Pelikan and Herlitz Management to agree on the details of the proposed acquisitions by October 31, 2013 and enter into the relevant contracts without delay thereafter. Pelikan International Corporation Berhad, Malaysia, is holding 96,49 % of the shares of Pelikan Holding AG and 70,92 % of the shares of Herlitz AG. Herlitz PBS AG is a 100% subsidiary of Herlitz AG. 

Company Quote

-0.0030 -0.34%
27 Apr 2015