Ackermans to Own 62% After DEME, CFE Demerger

• (PLX AI) - Ackermans & van Haaren: Intention to split CFE: DEME and CFE each obtain their own stock market listing, with AvH as 62% shareholder.
• • Ackermans & van Haaren acquired control over DEME and CFE at the end of 2013, and today's intention to split CFE is a logical next step, the company said
• • Preparations for the intended partial demerger of CFE will take several months and will be subject to, amongst others, a tax ruling by the Belgian Ruling Commission and the approval of the transaction by the extraordinary general meeting of CFE, which will have to decide with a majority of at least 75% of the votes
• • The partial demerger and separate listing of Newco is expected to be completed by the summer of 2022