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Neo Industrial Oyj Postpones Demerger Process


Friday, 11 Jan 2013 09:30am EST 

Neo Industrial Oyj announced that on August 16, 2012 its board of directors signed a demerger plan according to which Neo Industrial will partially demerge so that part of its assets and liabilities will transfer without liquidation procedure to a newly established public limited liability company, Avilon Plc. The due date of the public announcement for the creditors was December 10, 2012. Neo Industrial has negotiated with the creditors opposed to the demerger. As a result of the negotiations the Company and the creditors have within one month of the due date applied for postponement of the demerger process until March 1, 2013. 

Company Quote

0.64
0.01 +1.59%
10 Jul 2014