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Ei Towers SpA Announces Approval of Partial Demerger of Subsidiary Towertel SpA in Favour of Company


Thursday, 12 Sep 2013 11:59am EDT 

Ei Towers SpA announced that the Board of Directors, which met on September 12, 2013 under the chairmanship of Alberto Giussani, approved the partial demerger of Towertel SpA, wholly-owned subsidiary, in favor of Ei Towers. As disclosed to the market on July 30, 2013, the purpose of the transaction is to concentrate the asset of TLC infrastructures/towers of Ei Towers Group in Towertel, which already owns it. The part of Towertel’s assets related to broadcasting activities shall be demerged in favor of Ei Towers. The demerger effects are expected to be effective from January 1, 2014. 

Company Quote

40.8
0.8 +2.00%
19 Dec 2014