Central European residential property developer Conwert Immobilien Invest plans to change its corporate structure into a Societas Europa (SE). It will request approval from shareholders at a special meeting in October. The company, which IPOed in November 2002, plans to set up a SE with a one-tier board system. After the conversion, Conwert will have a sole administrative body in accordance with international standards. The conversion from a stock corporation under Austrian law into an SE will not involve any change in the legal identity of the company.
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