In mid-November 2013, Cofidin SA, a Belgian limited liability company with registered office at 30 Avenue Marnix, 1000 Brussels, Belgium and Viohalco-Hellenic Copper and Aluminium Industry SA, a Greek limited liability company listed on the Athens Exchange and with registered office at 2-4 Mesogeion Ave., Athens, Greece, merged into Viohalco in the framework of domestic and cross-border merger proceedings.
The aim of the mergers between Viohalco-Hellenic Copper and Aluminium Industry SA, Cofidin SA and Viohalco was the relisting of the parent holding company of Viohalco-Hellenic Copper and Aluminium Industry SA on Euronext Brussels and the reinforcement of the capital structure at the level of the parent holding company.
The listing of the company on Euronext Brussels and the subsequent absorption of Viohalco-Hellenic Copper and Aluminium Industry SA and Cofidin SA benefits the company, since it provides broader exposure of the stock to international investors, facilitates access to international financial markets, improves its image as an investment choice and expands opportunities to access various forms of financing.
In addition, the absorption of Cofidin SA by the company reinforced the capital structure of the company as Cofidin SA held significant assets, including cash and increased the company’s share participation in a number of its subsidiaries in which both Viohalco-Hellenic Copper and Aluminium Industry SA and Cofidin SA held participations.
Following the completion of the mergers, Viohalco has become the holding company of various metal processing companies in Europe that specialise in the manufacture of aluminium, copper and cables, and steel and steel pipes products and also have activities in real estate development.
Listing and trading οn Euronext Brussels of the shares of Viohalco, issued in the context of the mergers, took place on 22 November 2013. In February 14, 2014 Viohalco S.A. successfully proceeded with the secondary listing of its shares on the Athens Exchange.