Sievi Capital Plc cancels the Extraordinary General Meeting convened to be held on 16 December 2021, due to which the merger plan concerning the merger with Boreo Plc lapses
On 29 September 2021, the Boards of Directors of Boreo Plc and Sievi Capital Plc signed a Combination Agreement and a merger plan to combine the companies through a merger. The proposed combination will be implemented as a statutory absorption merger whereby Sievi will merge into Boreo.
The proposed combination would create one of the leading growth platforms for small and medium-sized companies on the Nasdaq Helsinki Stock Exchange: a decentralised entrepreneurial operating model will enable scalability and the combination will significantly increase the size of the companies. The Future Company’s business operations will be diversified among various industries, and its dependency on individual client and customer relationships is low. Geographically, the Future Company will also be more strongly diversified in Northern Europe.
The combination requires, among other things, approval by a majority of two-thirds of votes casts and shares represented at the Extraordinary General Meeting of the companies and the obtaining of merger control approvals.
The two companies will operate independently of each other until the proposed combination has been completed.
The companies will organise an investor webcast in Finnish about the proposed combination on 29 September 2021, at 10:00 am EEST.
You can find more information by visiting the companies' websites.