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Risma SA to Acquire Fastotel SA


Thursday, 1 Nov 2012 08:00pm EDT 

Risma SA announced that its Management Board ruled on October 22, 2012 on the review and approval of the merger between Risma SA and Fastotel SA, a limited-liability company with the capital of MAD 10,234,000 and headquartered in Rabat, Morocco, for the purpose of absorption by Risma SA of Fastotel SA. Accordingly, entire assets of Fastotel SA at December 31, 2011, estimated at MAD 144,126,843.41, will be acquired by the Company. The Company has also announced that the merger, which, once conducted, will result in Fastotel SA's dissolution and will help simplify Risma SA's organizational chart. Furthermore, the merger premium is estimated at MAD 51,424,140. 

Company Quote

270.0
2.0 +0.74%
17 Apr 2014