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1. Background
Having taken the following into account: 1.
The increasing of competition and development of the similar industry
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The devel opment of simil ar companies in t he count ry and t he pot ent ial f or new comers
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The pot ent ial f or compet it ion t hat wil l af f ect t he perf ormance of t he company
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The pot ent ial f or pressure on margins t hat are st rongl y inf l uenced by t he increased compet it ion
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The need f or perf ormance opt imizat ion, qual it y of service and business management
2. The Need for the Corporate Development
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The need f or expansion t o maint ain t he companys posit ion e. g. in t he market
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The need f or improving t he ef f iciency of operat ions
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The need f or improving t he qual it y of it s resources,
then the Companys management decided to transform the corporation.
2. The Obj ect ives of t he Corporat e Transformat ion
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To support t he Company’ s Vision and Mission
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To st rengt hen t he Company’ s posit ion in f acing t he changes and compet it ion
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To separat e and t o opt imize t he f unct ions of t he Operat ing and Hol ding Companies
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To separat e and t o opt imize t he Company’ s operat ional and st rat egic f unct ions
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To creat e t he corporat e val ue by maximizing t he group synergies.
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To creat e t he al ignment of management of al l subsidiaries, t o subst it ut e managerial def iciencies in t he Operat ing and Hol ding companies
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To al ign t he corporat e percept ion and cul t ure
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Cost l eadership
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To improve t he company’ s perf ormance.
3. The Corporat e Transformat ion Made
A. Restructuring of the Holding Company form
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It requires t he most l ikel y f orm of business ent it y t o act as t he Hol ding and Operat ing companies, by t aking int o considerat ion t he f act ors of l egal , account ing and f inance,
t axat ion and operat ions.
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The const ant l y changing process of t he company f orms in accordance wit h t he needs f or t he change of business st rat egies st and bef ore t he changes t aking pl ace, are:
B. Restructuring of the Capital
The st ock spl it as wel l as t he ut il izat ion of t he group’ s f unding capacit y t o f inance t he st rat egic proj ect s.
C. Restructuring of the Subsidiaries
Al igning t he business f orms and t ypes of t he subsidiaries t hat wil l support each ot hers, in order t o opt imize t heir perf ormance, synergy, and supervision.
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Strategic Holding
Operat ing Hol ding Funct ional Hol ding
4. The St age of t he Rest ruct uring of t he Holding Company Form
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