Financière Moncey Completes Absorption of Compagnie des Tramways de Rouen

Deal News | Nov 01, 2024 | Globenewswire

Financière Moncey Completes Absorption of Compagnie des Tramways de Rouen

Financière Moncey has completed the merger by absorption of Compagnie des Tramways de Rouen, marking a significant consolidation in the transport sector. This transaction was approved by the extraordinary general meetings of both companies' shareholders on October 21, 2024. The President-CEO of Financière Moncey confirmed the completion of the suspensive conditions on October 31, 2024, with the merger taking effect from November 1, 2024. As a result, Compagnie des Tramways de Rouen was dissolved without liquidation. The capital of Financière Moncey increased from 4,206,033 euros to 4,287,867 euros. Details concerning the Euronext Paris delisting of the Compagnie des Tramways de Rouen will be published on November 4, 2024, with the settlement-delivery of new Financière Moncey shares expected by November 11, 2024.

Sectors

  • Transportation
  • Financial Services

Geography

  • France – The merger concerns companies based in France, specifically operating within Rouen and broader French markets.

Industry

  • Transportation – This industry is relevant due to the nature of Compagnie des Tramways de Rouen, involved in public transport via tramways.
  • Financial Services – Financière Moncey's involvement in absorbing another company and increasing capital places it within the financial services sector.

Financials

  • 4,287,867 euros – Capital of Financière Moncey after merger.
  • 4,206,033 euros – Capital of Financière Moncey before merger.

Participants

NameRoleTypeDescription
Financière MonceyAcquiring CompanyCompanyEngaged in the financial services sector, orchestrating the merger with Rouen's tramways company.
Compagnie des Tramways de RouenAcquired CompanyCompanyA public transport company managing tramway services in Rouen, France, now dissolved post-merger.