KONČAR notifies the investment public that, as part of the joint venture project between KONČAR Inc. and Siemens Energy Group, preparations have commenced for the implementation of a corporate restructuring in the form of a spin-off with acquisition of KONČAR – Metal Structures Ltd. The planned restructuring entails the separation of the business segment engaged in the production of transformer tanks, which will be transferred to a newly established entity, KONČAR – Transformer Tanks Ltd.