Commentary

42.4 Indirect demerger: special conditions

COMPANIES vol 11 acquisitions, mergers, demergers
| Commentary

42.4 Indirect demerger: special conditions

| Commentary

42.4 Indirect demerger: special conditions

In the case of an indirect demerger, several further conditions must be satisfied1:

  1. 42.4.1

        Condition G: if the demerger involves the transfer of a trade, the distributing company must either not retain any interest, or retain only a minor interest in that trade;

  2. 42.4.2

        Condition H: if the demerger involves the transfer of shares in a subsidiary, the distributing company must transfer the whole or substantially the whole of its holding of the ordinary share capital in that subsidiary, and must confer the whole or substantially the whole of

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial