Please find enclosed an announcement from the two parent foundations Knud Højgaards Fond and Einar og Meta Thorsens Fond which have decided to resume negotiations on a merger of the two holding companies Højgaard Holding A/S and Monberg & Thorsen A/S.
Søren Bjerre-Nielsen, Chairman of the Board of MT Højgaard A/S, expresses great satisfaction with the announcement from the foundations:
- The merger will result in a simple, effective and transparent Group structure, and create clarity concerning the ownership of MT Højgaard. The decision reflects the foundations’ long-term commitment to MT Højgaard, and the expected cash injection will give us a breathing space in which to implement the necessary focus on eliminating loss-making projects and making lasting improvements in MTH GROUP’s operations and earnings.
| Best regards, Højgaard Holding A/S Ditlev Fløistrup CEO |
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