ΕΛΒΑΛ Α.Ε.
Absorption of ELVAL SERVICE CENTER S.A. by ELVAL S.A.
HELLENIC ALUMINIUM INDUSTRY ELVAL S.A. and ELVAL SERVICE CENTER S.A., a wholly-owned subsidiary of the former, hereby announce that their Boards of Directors decided the absorption of ELVAL SERVICE CENTER S.A. by ELVAL S.A. on 30/10/2009. The merger will take place in accordance with the stipulations laid down in L. D. No. 1297/1972. The Financial Statement as at 31/10/2009 of ELVAL SERVICE CENTER S.A. will be used for the valuation of its assets, in accordance with article 9 of C.L. No. 2190/20.
ELVAL SERVICE CENTER S.A. focuses on the provision of services relating to the storage and distribution of aluminium products and has facilities that are adjacent to those of ELVAL. Its absorption aims, on the one hand, to integrate the distribution services of both companies and, on the other hand, the combined utilization of their facilities for the completion of the investment plan of ELVAL S.A., which is under way in the Oinofyta plant. As ELVAL SERVICE CENTER S.A. is a wholly-owned subsidiary, the consolidated figures will not be affected.
ELVAL SERVICE CENTER S.A. focuses on the provision of services relating to the storage and distribution of aluminium products and has facilities that are adjacent to those of ELVAL. Its absorption aims, on the one hand, to integrate the distribution services of both companies and, on the other hand, the combined utilization of their facilities for the completion of the investment plan of ELVAL S.A., which is under way in the Oinofyta plant. As ELVAL SERVICE CENTER S.A. is a wholly-owned subsidiary, the consolidated figures will not be affected.