| 21. | The demerger was effective on 1 August 2011.
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| 22. | Philip-S�rensen led the demerger of Group 4 from Securitas AB in 1981.
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| 23. | The demerger was effective on 31 March 2007.
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| 24. | There are important synergies between hotels and catering which would be lost through a demerger.
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| 25. | With the implications for demerger proposals, the risks are now pretty much evenly balanced,
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| 26. | A straightforward demerger would create inefficiencies there.
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| 27. | Despite the demerger referendums held in 2004, the controversy is still raging in Quebec.
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| 28. | Besides Montreal, those on this list voted to demerge in the 2004 demerger referendums.
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| 29. | The company was formed as International Power in 2000 by the demerger of National Power.
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| 30. | The university regained its autonomous status in 1988 following a general demerger of such institutions.
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