On November 1 2011 changes for simplified mergers and demergers came into force, which were primarily implemented in Chapters 23 and 24 of the Companies Act (2005:551). The main motive for implementing the changes was to reduce the administrative burden on companies. Previously, a company was required to keep the merger or demerger plan available where the board maintained its headquarters and send copies thereof to the shareholders. However, it is now sufficient to publish the plan on the company's website. Further, changes with respect to the information that the company must add to the merger or demerger plan mean that companies which publish an interim report and add it to the plan need no longer include a specific accounting statement. This, however, is valid only if the plan was drawn up more than six months after the end of the last financial year. The boards of the companies which are involved in the merger must inform their shareholders at a general meeting of any significant changes in relation to the company's assets or liabilities which have occurred after the issuance of the merger plan.

For further information on this topic please contact Clas Romander or Rickard Isacson at Advokatfirman Delphi by telephone (+46 8 677 54 00), fax (+46 8 20 18 84) or email ([email protected] or [email protected]).