Koncar Elektroindustrija d d : 22.09.2021. Information about demerger of company KONČAR – Power Plant and Electric Traction Engineering Ltd. for production and services and establishment of new company KONČAR – Digital Ltd. for digital services and solutions
September 22, 2021 at 09:12 am EDT
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Croatian Financial Services Supervisory Agency
The Zagreb Stock Exchange
HINA
Company website
Fallerovo šetalište 22, 10000 Zagreb
Security : KOEI-R-A
ISIN: HRKOEIRA0009
LEI: 74780000H0SHMRAW0I15
Home Member State: Croatia
Regulated market segment: Official market of the Zagreb Stock Exchange
Zagreb, 22 September 2021
Subject:
Information about demerger of company KONČAR - Power Plant and Electric
Traction Engineering Ltd. for production and services and establishment of new
company KONČAR - Digital Ltd. for digital services and solutions
KONČAR- Electrical Industry Inc. Zagreb, as an issuer whose securities are listed on the Official Market of the Zagreb Stock Exchange hereby announces the status change that will be realised within the company KONČAR - Power Plant and Electric Traction Engineering Ltd. based on decisions of the Management Board and the Supervisory Board.
The General Assembly of KONČAR - Power Plant and Electric Traction Engineering Ltd. for production and services, with registered office in Zagreb, Fallerovo šetalište 22, registered with the Commercial Register of the Commercial Court in Zagreb under Company Reg. No. (MBS): 080084327, PIN: 29898970552, approved the status change involving demerger of the company KONČAR - Power Plant and Electric Traction Engineering Ltd. for production and services and the establishment of a new company, KONČAR - Digital Ltd. for digital services and solutions (spin-off), with a portion of the founder's (demerged company's) assets and liabilities being transferred to the resulting company.
Development and application of digital technologies, primarily in power engineering, is an area of strategic interest for KONČAR Group. The newly-established company KONČAR - Digital Ltd. will be based on the know-how that has been developed over recent years and it will act as a backbone of further development of digital technologies.
KONČAR - Electrical Industry Inc.
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Koncar - elektroindustrija dd published this content on 22 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2021 13:11:02 UTC.
KON?AR Elektroindustrija d.d. specializes in the production and marketing of equipments and electric systems for the energy, transport and industry sectors. The group proposes electricity transmission and distribution equipments, electromotive machines, medium and low voltage equipments, catering equipments, household devices, etc.
Net sales break down geographically as follows: Croatia (40.7%), European Union (45.8%), Europe (3.7%), Asia and Africa (4.6%), America and Australia (2.3%) and others (2.9%).
Koncar Elektroindustrija d d : 22.09.2021. Information about demerger of company KONČAR – Power Plant and Electric Traction Engineering Ltd. for production and services and establishment of new company KONČAR – Digital Ltd. for digital services and solutions