26th Mar 2015 16:00
LONDON (Alliance News) - Metals trader Ambrian PLC Thursday confirmed its shares will re-start trading on AIM on Friday after it completed the merger of its Swiss subsidiary with the Swiss unit of Consolidated General Minerals PLC and acquired the latter's shareholding in the merged entity.
"The combination of the two companies provides the enlarged group with a solid platform from which to enhance value for shareholders. I am also pleased that CGM has, by way of this merger, achieved its objective of returning to the listed market," Ambrian Chairman Robert Adair said in a statement.
Adair and Jean-Pierre Conrad joined Ambrian's board as chairman and chief executive, respectively, when the merger completed. They were chairman and CEO of CGM.
By Steve McGrath; [email protected]; @stevemcgrath1
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