(Finance) – Ilpraan innovative SME active in the packaging sector with a wide range of machines and technological solutions for the packaging of food, cosmetics and medical products, has completed the deed of merger by incorporation of Eltec and Ivaxia into Ilpra.
The company announced this in a note recalling that, given that the conditions for the so-called “simplified” merger existed, it was not necessary to provide for the determination of any exchange ratio or method of assignment of the Ilpra shares.
Therefore, the company does not change its share capital as a result of the Merger, it does not have to issue new shares and therefore there are no impacts on the composition of the shareholder base. Furthermore, no changes need to be made to the bylaws and there was no right of withdrawal for Ilpra shareholders.