New World Resources wins squeeze-out case in Amsterdam

published 20 June 2012

The central Europe focused coal and coke producer, New World Resources, appears to have won a court case in Amsterdam that will enable the acquisition of all the remaining 'A' shares in its Dutch arm.

Yesterday, the Enterprise Chamber of the Amsterdam court of Appeals ruled in the so called "squeeze-out" procedure that the current shareholders must transfer their holdings to NWR plc for a price of €3.96 per share.

New World Resources says it intends to proceed with the acquisitions once the appeals period has lapsed on September 19th.