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Munich, 01 March 2013 - Munich-based company CANCOM has completed the change of its legal form to a European company (Societas Europaea, SE) effective from 28 February 2013.
The change in legal form from AG to SE will foster the establishment of a modern corporate culture of the TecDAX listed IT Group and will improve the access to international capital markets. 'The change in legal form represents a further systematic step in our corporate development to ensure future growth,' said Klaus Weinmann, CEO of CANCOM SE.
The SE legal form is the only supranational legal form based on European law available to listed companies headquartered in Germany. The proposal by the Executive Board and Supervisory Board to change the company to a Societas Europaea was approved by the extraordinary Shareholders Meeting on 18 December last year. The headquarters of CANCOM SE will remain in Munich.