Merger by incorporation of Cerved Group and Consit Italia in Cerved Information Solutions

On November 27th, 2017, the Board of Directors of Cerved Information Solutions S.p.A. approved the implementation of the reorganization through:

  • the merger by incorporation into the Company of Cerved Group S.p.A., a wholly-owned subsidiary of CIS (“CG” and such merger, the “First Merger”) and, subsequently to the effectiveness of the First Merger;

  • the merger by incorporation into the Company of Consit Italia S.p.A., a subsidiary owned at 94.33% by CG (“Consit” and such merger, the “Second Merger” and, jointly with the First Merger, the “Transaction”).

Therefore, on November 27th, 2017, the Boards of Directors of CG and Consit approved, each within its own competence, the merger plan regarding the First Merger and the Second Merger (the “Merger Plan”), the interim financial statements of CIS, CG and Consit as of 30 September 2017 and the directors’ report on the Merger Plan.