Pfleiderer is to be turned from a joint stock company into a limited liability company after completing a financial reorganisation and strategic overhaul at the end of 2012. This decision was made in the last week of February. Like the old entity, the new GmbH will operate solely as an investment holding with no operating activities. The company’s Western European operations are pooled in Pfleiderer Holzwerkstoffe GmbH and its Eastern European activities are bundled in Pfleiderer Grajewo S.A., which is listed on the stock exchange. The company hopes that the change in its legal form, which is to be entered into the commercial registry soon, will streamline its structures and cut costs. However, Pfleiderer GmbH is to be still run as a company with board-level employee participation through a twelve-person supervisory board made up of half shareholder representatives and half employees, due to its size.
 

Source: EUWID

Posted and edited by Ran, Hanbao News Department

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