Merger of subsidiaries
Globenewswire·2025-10-02 09:31
Group 1 - The core strategy of AS Harju Elekter Group is to focus on factory-based manufacturing while exiting the retail and wholesale business of electrical materials and equipment [1] - A merger process has been initiated between AS Harju Elekter and its wholly owned subsidiary Energo Veritas OÜ, with the merger agreement signed on 01 October 2025 [1] - Following the merger, Energo Veritas OÜ will be consolidated into AS Harju Elekter and will be deemed dissolved, with completion of necessary actions expected in the first quarter of 2026 [2]