Tikkurila companies to merge from 2008

摘要

Kemira Coatings(Tikkurila)has prepared a merger plan according to which Tikkurila Paints Oy and Tikkurila Coatings Oy will merge into their parent company Tikkurila Oy(photo).The planned effective date for the merger is 1 January 2008.Under the merger agreement,all assets and liabilities as well as rights and obligations of the two subsidiaries in question will transfer to Tikkurila Oy as a universal succession.The official negotiations related to the transfer of business required by the Finnish Co-operation Act with undertakings,will be arranged towards the end of the year.In 2006,Kemira Coatings business area had revenue of EUR 563 million.