October 17, 2016 / 10:06 AM / a year ago

BRIEF-ASM GROUP two Italian units to merge

Oct 17 (Reuters) - ASM GROUP SA :

* Said on Friday that it plans to merge its two units, TRADE SpA and Promotion Intrade S.r.L, operating in Italy

* Under the plan, Promotion Intrade S.r.L will be merged into TRADE S.p.A. without a capital increase

* TRADE S.p.A. holds 100 pct in Promotion Intrade S.r.L

* Its management said that the merger would simplify the company’s capital structure and reduce costs

Source text for Eikon:

Further company coverage:

Gdynia Newsroom

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below