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Engineering Ingegneria Informatica SpA's Shareholders Approve Plan for Merger by Incorporation of Subsidiary Engineering.IT into Company

Friday, 27 Sep 2013 07:29am EDT 

Engineering Ingegneria Informatica SpA announced that the Shareholders’ Extraordinary Assemblies approved the plan for merger by incorporation of the subsidiary company Engineering.IT into the Company Engineering Ingegneria Informatica. The merger, with retroactive effect from January 1, 2013, will benefit from the simplified regime foreseen for fully owned companies and will not have any fiscal impact. This transaction aims at simplifying administrative procedures, in terms of cost reductions and optimization of scale economies existing to date as a result of the convergence of business models between the parent Company and the subsidiary company. 

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