Fluxys merger with wholly owned subsidiary Fluxys Finance
28.06.2017Press Releases – General info
Fluxys today has undertaken an acquisition merger with its wholly owned subsidiary Fluxys Finance that was in charge of the centralised management of cash funds and financing within the group. These activities will now be carried out by Fluxys itself.
The transaction simplifies Fluxys' organisational structure, thereby also making a number of operational, administrative and financial processes simpler, and is in line with Fluxys policy to boost efficiency throughout the group.
Under the merger, all of Fluxys Finance's assets, liabilities, rights and obligations are transferred to Fluxys, allowing the latter to seamlessly continue its former subsidiary's activities.
The transaction simplifies Fluxys' organisational structure, thereby also making a number of operational, administrative and financial processes simpler, and is in line with Fluxys policy to boost efficiency throughout the group.
Under the merger, all of Fluxys Finance's assets, liabilities, rights and obligations are transferred to Fluxys, allowing the latter to seamlessly continue its former subsidiary's activities.