Home / Knowledge / News / Textiles / Ciba to be dissolved on entry of merger in Commercial Register
Ciba to be dissolved on entry of merger in Commercial Register
Jun '09
At the Annual General Meeting of Ciba Holding Inc, held at the Congress Center Basel on June 23, 2009, the shareholders approved by a large majority all the motions proposed by the Board of Directors. The 29 shareholders in attendance represented 67,439,961 of the votes, or 97.65 percent of the 69,064,617 registered shares.

The shareholders voted in favor of the merger of BASF Specialty Chemicals Holding GmbH as the receiving company and Ciba Holding Inc. as the transferring company with cash compensation and approved the merger agreement concluded by the two companies on May 15, 2009.

Ciba Holding Inc will be dissolved on entry of the merger in the Commercial Register. Cash compensation of CHF 50 per share will be paid out for all remaining shares of Ciba Holding Inc., subject to successful registration of the merger within the next seven days.

In addition, the shareholders endorsed the proposal of the Board of Directors not to pay out any dividends and voted for the discharge of the Board of Directors and the management from liability for their activities in 2008. Dr. Hans-Ulrich Engel, Dr. Jörg Buchmüller und Hans-Walther Reiners were all re-elected as Members of the Board for a term of four years or until the merger is officially entered in the Commercial Register, in accordance with the merger agreement.


Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search