Carborundum Universal's Step-Down Subsidiary CUMI Europe S.R.O. Deregistered
Carborundum Universal Limited (CARBORUNIV) has announced the voluntary deregistration of its step-down wholly owned subsidiary, CUMI Europe s.r.o., located in the Czech Republic. The subsidiary, which...
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Why is Carborundum Universal Limited in the news today?
Carborundum Universal Limited (CARBORUNIV) is in the news due to the deregistration of a dormant subsidiary is a routine administrative action with no significant financial implications or impact on the parent company's operations or future outlook.
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Carborundum Universal's Step-Down Subsidiary CUMI Europe S.R.O. Deregistered
December 31, 2025, 03:42 PM
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Carborundum Universal Limited (CARBORUNIV) has announced the voluntary deregistration of its step-down wholly owned subsidiary, CUMI Europe s.r.o., located in the Czech Republic. The subsidiary, which was established for marketing purposes in Prague, has been delisted from the Commercial Register effective December 31, 2025.
CUMI Europe s.r.o. had ceased its operations since 2018 and was originally set up for marketing activities in Europe. The announcement clarifies that the sale or disposal of this unit does not involve a specific agreement date, expected completion date, or consideration received, as it is a voluntary deregistration. The transaction does not fall under related party transactions, nor is it outside a Scheme of Arrangement. No slump sale disclosures are applicable in this case.
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