Berlin-based isotope technology firm Eckert & Ziegler (EZAG) is making plans to merge with its Belgian subsidiary Eckert & Ziegler Belgium (EZB).
EZAG currently owns 81% of EZB. Preliminary details of the proposal would convert 4.15 shares of EZAG to 5.90 shares of EZB. Additional details and definitive agreement on the transaction are still pending.
The goal of the merger is to streamline the corporate structure of the EZAG Group and related regulatory reporting, according to Eckert & Ziegler. The company plans to hold a meeting sometime this year to finalize the merger.