Vastned Belgium SA (DE:IJX) has released an update.
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Vastned Belgium’s board of directors has endorsed the Merger Report for the cross-border legal merger with Vastned Retail, following the Committee’s positive opinion that the merger would not disadvantage the company. This merger is set to combine Vastned Belgium with its related party, Vastned Retail, under conditions explained in the Merger Report, with an exchange ratio of 0.839 Vastned Belgium shares for each Vastned Retail share. The approval comes after a review that found no financial data inconsistencies or legal irregularities regarding the merger.
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