demerge

Wickes will be demerged from the Travis Perkins business as a standalone company, in order for the FTSE 250 firm to focus on trade customers.

Kitchen and bathroom retailer Wickes is to be demerged by its owners, bosses have confirmed.

The department held that as the demerger of the demerged undertaking is not in compliance with Section 2(19 AA) of the Act, the value of shares allotted by Aditya Birla Capital Ltd to the shareholders Grasim Industries, in consideration of the transfer and vesting of the demerged undertaking into Aditya Birla Capital, amounted to dividend within the meaning of the Act.

Summary: 
On 29 May 2018, Bank of Georgia Group PLC (new parent company of BGEO Group PLC) demerged into two separate companies EeAu 1) Bank of Georgia Group PLC and 2) Georgia Capital PLC.

The demerged business, CFS Group, will include CBA's Colonial First State, Colonial First State Global Asset Management (CFSGAM), Count Financial, Financial Wisdom and Aussie Home Loans businesses.

As a new policy, 64 out of 308 schools were demerged and they started functioning again as separate boys and girls schools.

CARILLION was one of the UK's largest construction companies, having been formed in 1999 when the Tarmac Group demerged into a building materials company, Tarmac, and a service provider, Carillion.

Glasgow-based CYBG, which demerged from former owner National Australia Bank in February, hailed a "landmark year" as it posted bottom-line pre-tax profits of PS77m for the 12 months to September 30, against a loss of PS285mn the previous year.

Nevertheless, it is relatively straight forward to show how a newly demerged organisation can benefit from enhanced cash flow.

Under the scheme of arrangement, approved on Sunday by the boards of the respective companies, the apparel businesses of the group holding company Aditya Birla Nuvo and of another group firm Madura Garments Lifestyle Retail Ltd would be demerged into listed firm Pantaloons Fashion & Retail Ltd ( PFRL).

The demerged construction business will be called Orascom Construction, Amsterdam-listed firm said in a statement.