The legal merger between Dexia Bank, Artesia Banking Corporation, Bacob and Artesia Services will be effective as of April 1, 2002
The extraordinary shareholdersâ€™ meetings of Dexia Bank, Artesia Banking Corporation, Bacob and Artesia Services approved today the merger leading to the legal integration of the four companies.
This merger will be effective as of April 1, 2002 with retroactive effect back to January 1, 2002 in terms of accountancy.
The corporate name of the merged entity will be â€˜Dexia Bank Belgiumâ€™, â€˜Dexia Banque Belgiqueâ€™ in French, â€˜Dexia Bank BelgiÃ«â€™ in Dutch and â€˜Dexia Bank Belgienâ€™ in German, in brief â€˜Dexia Bankâ€™ and â€˜Dexia Banqueâ€™. Its registered office remains at boulevard PachÃ©co 44 in 1000 Brussels.
Further to this merger, the absorbed companies will automatically be dissolved without settlement and will therefore cease to exist as of April 1, 2002. According to article 682 of the Belgian Companies Code, all assets and liabilities of each dissolved company is transferred to the transferee entity.
Dexia SA, the parent company of the group listed in Brussels and in Paris, is now in possession of almost all Dexia Bank shares.
The extraordinary shareholdersâ€™ meeting designated the members of the Board of Directors of the merged bank (composed of 26 members). The Board of Directors also designated the seven members of the Management Board composed of Luc Onclin (Chairman), Martine Decamps (Vice-Chairman), Michel HÃ©naut, Jean-FranÃ§ois Martin, Michel Bouteille, Claude Piret and Axel Miller.
Further to the acquisition of Artesia by Dexia, the legal merger of the four entities is a major step in the creation of a large banking group in Belgium. The convention was signed in March 2001 and the acquisition was actually rounded up in July 2001.
(source: Dexia S.A.)