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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Top 10% of earners pay more than half of all tax – here’s a dozen ways to pay lessFrozen tax thresholds are dragging millions more people into higher and additional rate tax brackets. Will you pay more?
-
Do I pay tax on Crypto? New HMRC rules to clampdown on tax evading ‘crypto bros’New rules are set to help the taxman unmask those attempting to avoid tax on their cryptocurrency profits.
