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The Board of Directors approved the merger plan by incorporation into Cerved Information Solutions of the subsidiaries Cerved Group and Consit Italia

San Donato Milanese, 27 November 2017 – The Board of Directors of Cerved Information Solutions S.p.A. (MTA: CERV, “CIS” or the “Company”) – parent holding company of the Cerved group, the largest information provider and credit servicer in Italy – approved today the reorganization of the group controlled by CIS with respect to which the Board of Directors passed a resolution on 27 October 2017 to start a preliminary analysis, as mentioned in the press release issued on that date.

In particular, today, the Board of Directors 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, today, 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.