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Sabanci Holding and E.ON agrees to restructure Enerjisa and its subsidiaries

Friday, 24 Mar 2017 03:30am EDT

Haci Omer Sabanci Holding AS : And E.ON have made an agreement about restructuring of Enerjisa Enerji and its subsidiaries . Resolves to group electricity distribution and retail companies under a parent company . Resolves to group energy generation, wholesale and natural gas wholesale companies under another parent company . Says the aim of new strategic structuring in Enerjisa to create two high potential, stronger companies .Public offering processes can be managed separately for these two parent companies in the future.

Mitsubishi UFJ Financial Group updates on simplified absorption-type company split

Friday, 24 Mar 2017 12:53am EDT

Mitsubishi UFJ Financial Group Inc <8306.T> :Says with the absorption-type company split, of which plan was disclosed on Jan. 24, co's wholly-owned subsidiary Mitsubishi UFJ Trust and Banking Corporation will issue its new 9,474,925 ordinary shares to co.

Danske Bank seeks to rearrange Finnish organisation

Thursday, 23 Mar 2017 04:30am EDT

Danske Bank : Says is currently looking into the possibilities of merging its activities in Finland - Danske Bank Plc and Danske Bank A/S, Helsinki branch - into a single Finnish branch . As a part of this process, the Board of Directors of Danske Bank Plc has approved a demerger plan aiming for a partial demerger pursuant to the Finnish Companies Act . This implies that all assets, liabilities and reserves of Danske Bank Plc's mortgage credit banking business will be transferred to an acquiring company wholly owned by Danske Bank A/S to be incorporated in conjunction with the demerger . The reason for separating the mortgage credit banking business of Danske Bank Plc by way of a partial demerger is that the Finnish legislation requires a Finnish limited liability company as a holder of the mortgage credit banking license . Says planned de-merger has no effects on Danske Bank Plc's customers .Danske bank says demerger is subject to approval by general meeting and the acquiring company obtaining necessary licenses to operate as a finnish credit institution and mortgage credit bank.

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