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Expiry of the creditors' opposition period without any objection being filed and signing of the deed of merger by incorporation of Cerved Group S.p.A. into Cerved Information Solutions S.p.A.
San Donato Milanese, 15 March 2018 – Cerved Information Solutions S.p.A. (MTA: CERV, “CIS” or the “Company”) – parent holding company of the Cerved Group and the largest information provider and credit servicer in Italy – with respect to the merger by incorporation of Cerved Group S.p.A., of which the Company owns the entire share capital (“CG” and such merger, the “First Merger”), and the merger by incorporation of Consit Italia S.p.A., a subsidiary owned at 94.33% by CG (“Consit” and such merger, the “Second Merger”), to be implemented subsequently to the effectiveness of the First Merger, announces that today – following the expiry of the period during which the creditors of the participating companies can oppose to the merger without any creditor filing any objection – the deed pertaining to the First Merger was signed.
Pursuant to the deed of merger, the First Merger will become effective on 19 March 2018, therefore, starting from such date, the Company will directly own the stake in Consit. After 19 March 2018, and in any case by the end of this month, the deed of merger pertaining to the Second Merger will be executed.
CG’s activities will be accounted into CIS’ financial statements as of 1 January 2018. As from that same day, the First Merger will also produce its fiscal effects.