01-04-2022
Neles and Valmet confirm April 1 merger completion date
Merger of Neles Corporation and Valmet Oyj will be completed; Valmet’s listing application has been approved and trading in the new shares will commence on April 1, 2022
Neles Corporation (“Neles”) and Valmet Oyj (“Valmet”) announced on July 2, 2021 that Neles and Valmet will merge creating a leading company with a unique offering for process industries globally (the “Merger”).
The extra distribution of funds of Neles, as announced on March 22, 2022, having been executed today on March 31, 2022 and all the conditions to completion of the Merger having thus been fulfilled or waived, Neles and Valmet confirm that the completion of the Merger will be registered at the Finnish Trade Register on April 1, 2022.
The total of 34,664,986 new shares in Valmet to be issued as merger consideration to Neles’ shareholders in connection with the Merger will be registered at the Finnish Trade Register and on the book-entry accounts of Neles’ shareholders on April 1, 2022.
Nasdaq Helsinki Ltd (“Nasdaq Helsinki”) has approved the listing application of Valmet concerning the new shares. Trading in 34,664,986 new shares to be admitted to trading on the official list of Nasdaq Helsinki under the trading code VALMT (ISIN code: FI4000074984) will commence on April 1, 2022. The last day of trading and listing of the shares in Neles on Nasdaq Helsinki is March 31, 2022.
Neles’ interim report for the period from January 1, 2022 to March 31, 2022 is intended to be published by Valmet on April 27, 2022. Neles’ financial statements for the said period and other material related to Neles’ final accounts will be published having been finalized approximately during May-June, after which Neles’ shareholders will be invited to a shareholders’ meeting to adopt the final accounts.
Sponsor:
News Category:
-
Ball valves – Ideal control valve solution for delayed coking
Using ball valves for flow control allows a delayed-coker unit to continuously run at full capacity, making them the ideal control valve for these high solid applications. ...
02-08-2023
-
Under pressure, the hydrogen molecule H2 cracks metal and can even penetrate steel. Hydrogen fracture weakens the tensile strength and ductility of steel, which reduces ...
16-07-2023
-
Material solutions for maximum safety of hydrogen valves
Does hydrogen present any special issues related to service hardware compared to other gases? Hydrogen certainly presents challenges to hardware design and construction. ...
12-06-2023
-
The new Neles™ NDX 2.0 is making life simple and easy
Less is less – And sometimes that is a good thing. In fact, when it comes to time and money spent, it is the greatest thing imaginable. This is why the new NDX 2.0 ...
25-05-2023
-
We are often asked why we recommend upgrading older valves to the latest technology. We will examine how technological improvements deliver measurable results in terms ...
24-05-2023
-
Valmet introduces Neles NDX™ 2.0
The Neles NDX™ 2.0 is a next-generation intelligent valve controller offering more sustainable valve control performance for all process industries, valves and applications. ...
29-11-2022
-
Valmet to supply flue gas condensing process to Vantaa Energy
Valmet will supply a flue gas condensing process to Vantaa Energy’s new high-temperature incineration plant in Vantaa, Finland. The plant is designed to process household ...
25-11-2022
-
Valmet entered into an agreement on November 9th to acquire the U.S. based NovaTech Automation’s Process Solutions business. The value of the acquisition will not be ...
25-11-2022
-
Valmet launches Neles™ Q-Disc™
Valmet is extending its versatile butterfly valve product range with Neles™ Q-Disc™, a new high-performance feature to help flow balancing in control valve applications. ...
07-04-2022
-
Neles and Valmet confirm April 1 merger completion date
Merger of Neles Corporation and Valmet Oyj will be completed; Valmet’s listing application has been approved and trading in the new shares will commence on April 1, ...
01-04-2022