Is savosolar still a company?

The Savosolar name will remain in use by the new company as an auxiliary business name and as a well-known and respected high-class brand in the solar thermal market. Savosolar’s solar thermal business will be part of Meriaura Energy’s renewable energy business.

What happened to savosolar Oyj?

Savosolar changes its name to Meriaura Group and sells its solar thermal business to its subsidiary Meriaura Energy As decided in Savosolar Plc’s Annual General Meeting on 12.5.2023, the name of Savosolar Oyj will change to Meriaura Group Oyj, Meriaura Group Abp in Swedish and Meriaura Group Plc in English.

What does the new corporate structure mean for savosolar?

The renewed corporate structure clarifies the Group’s administration and business operations as a whole. As of 1.6.2023, Savosolar’s entire personnel will transfer to Meriaura Energy as existing employees, with the exception of the Group’s CEO, CFO and administrative assistant, who will remain in the service of the parent company.

When will savosolar stock start trading?

Trading with the new tickers will begin approximately on the first day of June. In addition, the Board of Directors of Savosolar Plc, authorized by the Annual General Meeting, has today decided on the sale of Savosolar’s Renewable Energy business on 31.5.2023 to Meriaura Energy Oy, a new subsidiary wholly owned by the Group.