(Finance) – Tiscalitelecommunications company listed on Euronext Milan, announced that it was signed the merger deed relating to the incorporation of Linkem Retail. This is the final phase of the transaction communicated at the end of 2021 by the two companies and which is based on a new industrial plan also validated by the banking world, underlines a note.
Thanks to the merger, that it will take effect from 1 August 2022, Tiscali definitively exceeds the plan certified pursuant to art. 67 LF and the transformation continues into a new industrial reality that will exploit all the potential and assets of the Tiscali group and the Linkem group
To service the merger, Tiscali will issue in favor of Linkem, the sole shareholder of Linkem Retail, 104,025,497 ordinary shares to be assigned to Linkem, to serve the exchange ratio, for a total amount of 103,858,806 euros.