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BASEL, SWITZERLAND - European railway financing organization Eurofima approved comprehensive amendments to its corporate statutes during an Extraordinary General Meeting held on Thursday, according to a company press release.
The Basel-based supranational organization, established in 1956 through an international treaty between 25 European sovereign states, will transition from its previous fixed-term structure to an unlimited company duration.
Key changes include modernization of Eurofima’s share capital structure with revised nominal values for both Class A and Class B shares, and introduction of a share conversion mechanism designed to eventually create a single class of shares.
The amendments also expand Eurofima’s business scope by broadening the definition of "railway equipment" to include rolling stock operated in transportation networks based on tracks or similar technology, such as metros and tramways.
Additional operational improvements include streamlined decision-making processes with updated voting requirements, modernized meeting procedures with electronic document availability, and clarified Board of Directors’ authority.
Before taking effect, the amendments must pass through a three-month veto period during which governments of each Eurofima Contracting State can raise objections. This period is expected to conclude in late January 2026 following notification by the Swiss Government.
Eurofima’s core mission remains supporting the development of public railway transportation in Europe by providing financing to its railway shareholders and certain other railway bodies for equipment renewal and modernization.
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