Edition:
United Kingdom

Ascopiave and Unigas Approve Project Of Merger By Incorporation


Monday, 28 Jan 2019 

Jan 28 (Reuters) - Ascopiave SpA ::PROJECT OF MERGER BY INCORPORATION OF UNIGAS DISTRIBUZIONE S.R.L. IN ASCOPIAVE APPROVED BY COMPANIES' BOARDS OF DIRECTORS.100% OF UNIGAS’S SHARES TO BE CANCELLED AND TRANSFER TO ANITA S.R.L., IN EXCHANGE FOR ITS STAKE IN UNIGAS, OF TREASURY SHARES OF ASCOPIAVE, WITHOUT ASCOPIAVE'S SHARE CAPITAL INCREASE.SHARE EXCHANGE RATIO IS 3.7788 TREASURY SHARES OF ASCOPIAVE FOR EACH UNIGAS SHARE WHOSE NOMINAL VALUE IS EUR 1.00.MERGER WILL BE FOLLOWED BY CONCENTRATION IN EDIGAS ESERCIZIO DISTRIBUZIONE GAS S.P.A. OF UNIGAS’S OPERATING ACTIVITIES IN NETWORK SEGMENT. 

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