Roschier represents Elektrobit Oyj in the planned demerger and listing of Elektrobit’s Wireless Business Segment. In the demerger, the assets and liabilities related to Elektrobit's Wireless Business Segment will be transferred to Bittium Corporation, an entity to be newly established in the partial demerger. Bittium will be listed on the Nasdaq Helsinki. The planned demerger was announced on 19 February. The planned effective date for the demerger is 30 June 2015.
Elektrobit is specialized in demanding embedded software and hardware solutions for wireless and automotive industries. Elektrobit is listed on the Nasdaq Helsinki Stock Exchange with a market cap of approximately EUR 600 million.
Matter Type
Banking & Finance - Restructuring & Insolvency
Industry
Technology, Media & Telecoms
News Category
Banking & Finance
Technology, Media & Telecoms