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20 Jul
15:23

Poland's Alchemia to absorb subsidiary in synergy bid

Poland's Alchemia will absorb its wholly-owned forged steel producer subsidiary Kuznia Batory after the parent company’s board of directors approved the move, Kallanish learns from Alchemia. The merger will happen without the raising of Alchemia’s share capital and will put both firms “…on the path to universal success,” Alchemia says. The firm earlier said the merger would increase management efficiency and lead to operational…
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