energy-pedia general news
Norway: North Energy completes intra-group merger with North Energy Norge
13 Nov 2019
Following the stock exchange notice of 26 September 2019 where the Board of Directors in North Energy and North Energy Norge approved the merger between the companies, North Energy reports that the creditor notice period has expired and the completion of the merger has now been registered with the Norwegian Register of Business Enterprises.
The merger has been conducted as a parent company merger pursuant to the simplified rules for intra-group mergers as set out in Section 13-24 of the Public Limited Companies Act.
The registration implies that all of North Energy Norge employees, assets, rights and obligations have been transferred to North Energy without consideration and North Energy Norge has been dissolved and deleted from the Norwegian Register of Business Enterprises.
Source: North Energy