Polisan Holding plans to transfer two of its subsidiaries to a newly established company through a partial spin-off.

Foreks - Polisan (IS:POLHO) Holding plans to partially split its shares in subsidiaries Rohm and Haas Chemical Products Distribution and Polisan Kansai Paint through a share transfer model to a newly established company, which is intended to be listed on the stock exchange. According to the announcement made to the Public Disclosure Platform (KAP) by Polisan Holding, the goal is to create an independent structure for the Paint Group, consisting of Polisan Kansai and Rohm and Haas, thereby focusing on the true value of the Paint Group companies and generating additional value for all shareholders.

The company intends to transfer 13,957,200 shares of Rohm and Haas, representing 40% of its capital, and 62,501,572 shares of Polisan Kansai, representing 50% of its capital, to the newly established entity. The announcement details the legal framework governing this partial division and outlines the necessary steps and approvals required for implementation, ensuring compliance with relevant regulations and aiming to facilitate a smooth transition for shareholders and stakeholders involved.