Brief: Ackermans & Van Haaren Announces DEME And CFE Each Obtain Their Own Stock Market Listing

Compagnie dentreprises CFE SA

02/12/2021 07:36

Dec 2 (Reuters) - Ackermans & Van Haaren NV  ACKB.BR :
    * INTENTION TO SPLIT CFE: DEME AND CFE EACH  OBTAIN THEIR
OWN
STOCK MARKET LISTING, WITH  ACKERMANS & VAN HAAREN AS 62% 
SHAREHOLDER
    * THE PARTIAL DEMERGER AND SEPARATE LISTING OF NEWCO IS
EXPECTED
TO BE COMPLETED BY THE SUMMER OF 2022
    * THE BOARD OF DIRECTORS OF CFE ANNOUNCED ITS INTENTION TO
TRANSFER ITS 100% STAKE IN DEME TO A NEW COMPANY (WORKING  NAME:
NEWCO)
    * TRANSFER BY MEANS OF A PARTIAL DEMERGER AND TO REMUNERATE 
CFE'S
SHAREHOLDERS BY ISSUING NEWCO SHARES
    * ON  THE ONE HAND, THE INDUSTRIAL GROUP CFE, WITH STRONG
MARKET 
POSITIONS IN CONTRACTING AND REAL ESTATE DEVELOPMENT IN BELGIUM,
 LUXEMBOURG AND POLAND
    * ON THE OTHER HAND, DEME, ACTIVE WORLDWIDE IN DREDGING AND
MARINE
ENGINEERING

Source text for Eikon:  ID:nNDLbV2B3x 
Further company coverage:  ACKB.BR ,  CFEB.BR 

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