Free press releases distribution network?

Agency / Source: Atlas Copco AB

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Atlas Copco to Increase Ownership in Indian Subsidiary and Delist Shares - Atlas Copco AB has decided to acquire at least 50% of all shares it does not already own in its subsidiary Atlas Copco (India) Limited, and will apply for the delisting of its shares from Indian exchanges
Atlas Copco to Increase Ownership in Indian Subsidiary and Delist Shares

 

PRZOOM - /newswire/ - Stockholm, Sweden, 2011/03/18 - Atlas Copco AB has decided to acquire at least 50% of all shares it does not already own in its subsidiary Atlas Copco (India) Limited, and will apply for the delisting of its shares from Indian exchanges.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

On February 18, Atlas Copco AB invited public shareholders of Atlas Copco (India) Limited to submit offers for the sale of their shares. Atlas Copco AB will initially acquire about 1.8 million shares at 2 750 Rupees per share, for a total approximately BINR 5 (MSEK 700). This will bring Atlas Copco AB’s shareholding in Atlas Copco (India) Limited to 92%, from 84% previously.

“This investment is in line with the Group’s policy of having wholly owned foreign subsidiaries, and offers us greater operational flexibility in India,” says Hans Ola Meyer, Chief Financial Officer of Atlas Copco AB.

Atlas Copco (atlascopco.com) will submit an application for delisting to the Bombay Stock Exchange and the Pune Stock Exchange. Upon approval, all remaining public shareholders in Atlas Copco (India) Limited will have an option to divest their shares to Atlas Copco AB at 2 750 Rupees per share for the coming 12 months. Atlas Copco anticipates that part of the outstanding shares will be tendered during this period.

Financial market regulations in India require publicly listed companies to have a public shareholding of at least 25% by June 2013, or apply for delisting. A delisting requires the purchase of at least 50% of outstanding shares, and at least 90% ownership.

For further information please contact:
Hans Ola Meyer, Chief Financial Officer
T: +46 (0)8 743 8292 or +46 (0)70 588 8292

Atlas Copco discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Atlas Copco AB

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Atlas Copco to Increase Ownership in Indian Subsidiary and Delist Shares

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Atlas Copco |
Contact: Daniel Frykholm - AtlasCopco.com 
+46 (0)8 743 8060 media[.]se.atlascopco.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 Atlas Copco AB securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Atlas Copco AB / Company Profile


Read Manufacturing/Robotics Most Recent Related Press Releases:

LANXESS Virkon S Proven to Kill Highly Pathogenic Avian Influenza Strains
BASF to Offer Tailor-made Product Innovation At European Coatings Show
Nexans to Drive Sustainable Transportation At its Annual Technical Conference
Tripp Lite Introduces A New Series of Pre-assembled 40 Gb to 10 Gb Breakout Fiber Patch Panels
Borealis and Asmidal Sign Memorandum of Understanding to Jointly Evaluate Opportunities for Melamine Production in Algeria
SCHOTT’s New Ultra-Thin Glass is the Thinnest, Toughest, Most Eco-Friendly Glass for Consumer Electronics
Hexagon Manufacturing Intelligence Supplies PTB with Leitz PMM-G
Atlas Copco Completes Acquisition of Chinese Self-pierce Riveting Solutions Business
SCHOTT Introduces Superior X-ray Imaging with SCHOTT’s Fiber Optic Faceplates and BOROFLOAT® Glass
PPG Wins Big At 2016 SEMA Show PPG-painted Cars, Trucks Capture Major Awards

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com

Visit  BizJobs.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today