Tag: ownership
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Volvo CE to sell off ownership in China-based SDLG
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Volvo Construction Equipment is selling its 70% stake in China’s Shandong Lingong Construction Machinery Co as part of a strategic revamp to reduce its exposure to the country. The multinational company said Tuesday that its…
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Masonry specialist adopts employee ownership model
Grayson has announced its full transition to an employee ownership trust (EOT). The company is thought to be the first masonry specialist in the UK to become an EOT. Introduced in September 2014, the EOT initiative aims to promote employee ownership by giving business owners the opportunity to sell their shares to an employee-owned trust, free…
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Gilbert-Ash makes move to employee ownership trust
“This restructure will give our people a greater say in the future growth and direction of Gilbert-Ash. Following expert external advice from our adviser PwC, which helped with all aspects, including the overall design and structure, EOT best practice and principles, tax, legal, and valuation aspects, this new model will equip us to face the…