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Enel Green Power SpA Announces Project of Merger by Incorporation of Enel Green Power Portoscuso Srl into the Company

Wednesday, 12 Jun 2013 07:25am EDT 

Enel Green Power SpA announced that it has filed with the Rome Trade Register the project for the merger by incorporation of Enel Green Power Portoscuso Srl into the Company. The project for the merger was approved on June 11, 2013 by the governing bodies of both companies. The transaction will allow to achieve a higher operational efficiency and a simplification of the administrative processes, as well as to benefit of the consequent reduction of the operating costs. Enel Green Power Portoscuso is a wholly owned subsidiary of Enel Green Power and the merger will be subject to the approval of the Board of Directors under the simplified procedure provided for by art. 2505 of the Italian Civil Code and by art. 19 of the Company's Bylaws. The merger will start having legal effects, according to the applicable laws, when the last of the registrations of the deed of merger in the Trade Register has been undertaken or starting from the different date that will be established in the deed of merger. The accounting and tax effects, on the other hand, will be charged on the financial statements of the surviving company with retroactive effect from January 1, 2013. 

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19 Dec 2014