Societas Europaea (SE) reflects European ambitions of Equens
31-07-2008
Today, Equens was transformed into a Societas Europaea and became Equens SE. This legal form is in line with Equens’ ambitions and positioning as a truly European player within the European payments market.
A Societas Europaea, also referred to as 'Europe Inc.' or 'Europa AG' is a legal form under the laws of the European Union. Since the end of 2004, this legal form permits internationally operating companies like Equens to transform into European public limited-liability companies, which are governed by a largely uniform European body of law based on an EU directive.
Dr Götz Möller, member of Equens’ Board of Directors: "This new legal form is in line with our European strategy to further improve our strong position through internal optimisation, as well as national and international partnerships, in order to further reduce the costs per transaction. With an explicit growth strategy Equens aims to maintain a top position in the European payments industry."