SI Analytics products will continue to be developed and manufactured with the same high quality and innovation from the existing manufacturing site in Mainz. SI Analytics is busy developing the next generation of new products, to best serve its customers in the chemical, pharmaceutical, foo ... more
Green light for SCHOTT AG
Advisory board and foundation commissioner approve change to stock corporation
29-04-2004: At its meeting today the SCHOTT GLAS advisory board approved the transfer of the foundation enterprise into the legal form of a German stock corporation (Aktiengesellschaft). The advisory board, which includes both representatives of the Carl-Zeiss-Stiftung and also elected representatives of the workforce, came to this decision unanimously. On the basis of the advisory board's decision Tilman Todenhöfer, the Carl-Zeiss-Stiftung Foundation Commissioner, also approved the conversion to an AG.
Following the decision of the Federal High Court in a legal action concerning a previous change to the Carl-Zeiss-Stiftung statute a further important milestone in the reform of the foundation has been reached with the decisions of the advisory board and foundation commissioner.
"With the advisory board's decision the road to SCHOTT AG is finally clear," said Todenhöfer. To which Chairman of the Board Dr. Udo Ungeheuer added: "We are finally to achieve an internationally recognized legal form that will improve our strategic competitive position."
Currently the two foundation enterprises Carl Zeiss and SCHOTT GLAS are still run as legally interdependent business of the Carl-Zeiss-Stiftung. The Carl-Zeiss-Stiftung is as a result the only direct corporate foundation remaining in Germany and of a type not known in international legal dealings. The transfer of SCHOTT GLAS into a legally independent stock corporation will also result in the dissolution of its joint liability with its sister company Carl Zeiss (Oberkochen).
The conversion of SCHOTT GLAS into a stock corporation is set to be recorded in the commercial register in the middle of May after approval by the Administration of the Foundation. As plans stand at present the conversion is set to come into force in July 2004 .
The Carl-Zeiss-Stiftung will hold all the shares in SCHOTT AG. Listing on the stock market is thus not a possibility.
As of July 1st, the Mainz-based company previously known as SCHOTT GLAS is a stock corporation (AG). With its entry into the Mainz trade register as "SCHOTT AG," the conversion process is now complete. The Carl-Zeiss-Stiftung (Foundation) shall remain the sole stockholder of SCHOTT AG. St ... more
At its meeting today the SCHOTT GLAS advisory board approved the transfer of the foundation enterprise into the legal form of a German stock corporation (Aktiengesellschaft). The advisory board, which includes both representatives of the Carl-Zeiss-Stiftung and also elected representatives ... more
- 1Schleicher & Schuell has been purchased by Whatman plc
- 2Almost as sensitive as a dog's nose
- 3Three-dimensional model of bacterium
- 4Raman keeps lipstick evidence in the bag
- 5Do you want to know how much caffeine is in your drink?
- 6Breakthrough in DNA editing technology
- 73D IR images now in full color
- 8PIAB announces new Chief Executive Officer
- 9‘Forensic fingers’ for crime scene investigation
- 10Raman pixel by pixel