Merger Implementation and Final Accounts

Within six months from the general meeting of shareholders or the decision of the Board of Directors of a company participating in the merger, such a company shall submit a notice regarding merger implementation to the Trade Register. Decisions and other documentation will be annexed to such a notice, mainly to show the rights of creditors have been protected sufficiently.

The merger of a limited liability company enters into force when the implementation of the merger is registered in the Trade Register. Simultaneously, the assets and liabilities of the merging company or companies are transferred to the acquiring company for their balance sheet values, and the shareholders and holders of options and other rights of the merging companies become entitled to the merger consideration.

As a final stage of the merger, the merging company shall prepare the final accounts, which shall be submitted for registration to the Trade Register, following annexation of an audit report and adoption at a general meeting.