Roschier represents Nordic Waterproofing in its cross-border reverse merger and listing on Nasdaq Stockholm
Danish company Nordic Waterproofing Holding A/S, listed on Nasdaq Stockholm, and its wholly owned Swedish subsidiary Nordic Waterproofing Holding AB have adopted a joint merger plan entailing that a re-domiciliation from Denmark to Sweden will be carried out by way of a cross-border reverse merger, with the Swedish subsidiary as the surviving entity, to be listed on Nasdaq Stockholm. Roschier acts as legal advisor.
The merger consideration consists of shares in Nordic Waterproofing Holding AB, and the shareholders of Nordic Waterproofing Holding A/S will receive one share in Nordic Waterproofing Holding AB for every share held in Nordic Waterproofing Holding A/S on the day of the merger.
When the merger is completed, the shares in Nordic Waterproofing Holding AB are intended to be listed on Nasdaq Stockholm, with the expected first day of trading on or about 30 November 2020. The last day of trading in the shares of Nordic Waterproofing Holding A/S is expected to occur on or about 27 November 2020.
The execution of the merger is subject to the shareholders’ approval at an extraordinary general meeting.
Nordic Waterproofing is a leading producer and supplier of waterproofing products and services for buildings and infrastructure, with production facilities in Denmark, Finland, Latvia, Norway and Sweden.
Roschier’s core advisory team comprises Ola Sandersson, Erik Persson, Demira Hajdarevic, Miikka Kujanpää and Hanna Eriksson.