Rome, 27 Jun 2019 17:52
The above mentioned corporate transaction is aimed at strengthening the competitiveness and effectiveness of Poste Italiane’s positioning within the Express Courier market, through the creation of a single and complete consolidated offer for all clients, by means of integration of Group’s assets.
The resolution was taken by the Board of Directors – under the terms of article 20.2 of the Company By-laws and articles 2505, paragraph 2, and 2506-ter, paragraph 5, of the Italian Civil Code – being a simplified partial demerger involving a fully owned subsidiary.
The partial demerger has also been recently approved by SDA’s Extraordinary General Meeting and, once the legal term for creditors’ opposition elapse, the companies will proceed to the signing of the deed of demerger.
The minutes of the resolution taken today by Poste Italiane’s Board of Directors will be published in accordance with terms and procedures of law.
For full details of the transaction, please refer to the terms of the demerger plan (approved by the Board of Directors of Poste Italiane on 18 April 2019) and the additional documentation already available on the Company’s corporate web site.
For more information:
Poste Italiane S.p.A. Investor Relations
Tel. +39 0659584716
Poste Italiane S.p.A. Media Relations
Tel. +39 0659582097