CAIRO: Orascom Construction Industries (OCI) said it is planning a demerger
of its construction business from its fertilizer venture, according to a statement.
according to the provisions of article 2505 of Italian Civil Code, the demerger
will be executed in simplified form and the resolution authorizing the demerger
will be approved by the Boards of Directors of the two companies.
Corbett, who resigned as Railtrack chief executive in November, had been expected to stay at Woolworths after their demerger
from Kingfisher next month.
As previously announced, and assuming the necessary preconditions are fulfilled, including an affirmative vote of the Elan shareholders at the EGM, the Prothena business which comprises a substantial portion of Elan's drug discovery business platform, will be separated into another company by way of a demerger
After the Demerger
and Mondi Limited Consolidation, Mondi Limited Shareholders will hold new Mondi Limited ordinary shares ("New Mondi Limited Ordinary Shares") as well as the newly listed Mpact Shares.
would leave Punch with around 5,200 leased and tenanted pubs, which the company expects to reduce to around 3,000 through disposals.
Would the demerger
not fail, if there was no suitable arrangement?
Mr Dunstone said: "We are now close to finalising separate banking facilities for Best Buy Europe, which enables us to be confident of completing our demerger
process at the latest by July 2010.
decision came as Carphone announced a "significant improvement" in performance at its TalkTalk broadband business, which increased customer numbers by 74,000 in the fourth quarter.
A year after a demerger
, manufacturing industry parents achieve a 38 per cent premium to share price, while TMT parent companies achieve 29 per cent.
When the demerger
is finalised, Roger Cart, who has been on the Cadbury Schweppes board for seven years, will become chairman of Cadbury plc.
The London-based company said the demerger
move would allow both divisions to benefit from increased focus on their respective strategies.