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Voith Changes its Legal Form - Voith Holding: Effective with the beginning of next fiscal year (October 1, 2010) the family-owned company Voith intends to change its legal form from a public corporation (Aktiengesellschaft, AG) to a closed corporation (GmbH) under German law
Voith Changes its Legal Form

 

PRZOOM - /newswire/ - Heidenheim, Baden-Wuerttemberg, Germany, 2010/06/29 - Voith Holding: Effective with the beginning of next fiscal year (October 1, 2010) the family-owned company Voith intends to change its legal form from a public corporation (Aktiengesellschaft, AG) to a closed corporation (GmbH) under German law. FSE: VO2A

   
 
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Voith AG is 100 percent family-owned. The shareholders believe that the legal form of a GmbH is very suitable for family-owned companies like Voith. It provides an excellent framework in which a small number of shareholders can exercise their rights and fulfill their duties. The shareholders have therefore decided to convert Voith into a GmbH. The corporation will subsequently operate under Voith GmbH.

Voith GmbH will continue to be run by its present management. There will be no changes in the makeup of the Shareholders’ Committee or the Supervisory Board. Existing contracts and agreements will not be affected by the change of legal form and thus remain valid with Voith GmbH. It also goes without saying that the company will continue in the same manner to keep third parties well informed.

Voith sets new standards in the paper, energy, mobility and service industries. Founded in 1867, it is today one of the largest family-owned companies in Europe, employing 39,000 people at 280 locations around the world and posting annual sales of €5.1 billion.


Voith AG | Corporate Press Office / T: +49 7321 37-7107

 
 
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Agency / Source: Voith GmbH

 
 

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Voith Changes its Legal Form

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Voith AG |
Contact: Claudia Strixner - Voith.com 
+49 7321 37-3879 claudia.strixner[.]voith.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Voith GmbH securities in any jurisdiction including any other companies listed or named in this release.

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