J. Lauritzen A/S contemplates intra-group merger

The Board of Directors of J. Lauritzen A/S has initiated preparations to merge J. Lauritzen A/S with ship owning Danish subsidiaries (including Lauritzen Kosan A/S and Lauritzen Bulkers A/S) with a view to create a simpler group structure and to reduce the administrative burdens, the company said in its press release.
The contemplated intra-group merger is expected to be completed during the second half of 2014 however with effective date from 1 January 2014.