Empower Group’s withdrawal from Swedish subsidiaries finalized

03.05.2017

Empower Group decided to withdraw from its Swedish subsidiaries Empower AB and Empower Industry AB in 2016. The withdrawal has now been finalized. The indebted subsidiaries were filed into corporate restructuring in fall 2016. During the restructuring process it became apparent that the equity of Empower AB and Empower Industry AB could not be restored. The subsidiaries have been filed for bankruptcy on 28th April 2017. 

This does not affect Empower Group’s operations outside Sweden. The arrangements have a positive effect on Empower Group’s result. Empower has three branch offices in Sweden that continue the profitable business in the Swedish market.

Empower Group’s withdrawal from Swedish subsidiaries finalized

03.05.2017

Empower Group decided to withdraw from its Swedish subsidiaries Empower AB and Empower Industry AB in 2016. The withdrawal has now been finalized. The indebted subsidiaries were filed into corporate restructuring in fall 2016. During the restructuring process it became apparent that the equity of Empower AB and Empower Industry AB could not be restored. The subsidiaries have been filed for bankruptcy on 28th April 2017. 

This does not affect Empower Group’s operations outside Sweden. The arrangements have a positive effect on Empower Group’s result. Empower has three branch offices in Sweden that continue the profitable business in the Swedish market.

Relaterad kontakt

Empower group Communications

Empower's Media Desk is pleased to assist media Mon-Fri from 9.00 am to 4.00 pm Finnish time

Tel +358 40 6417 000 empower.communications[at]empower.eu