MERGER OF COSTAN S.R.L. - IARP S.R.L. - MISA S.R.L. INTO EPTA S.P.A, ALL COMPANIES ALREADY 100% CONTROLLED BY EPTA

The Boards of Directors of Epta S.p.A. and its subsidiaries Costan s.r.l., Iarp S.r.l.  and Misa s.r.l. approved the Merging Project of those companies into Epta S.p.A. on 22/09/2016. The decision is aimed to simplify Epta Group’s company structure in Italy and its Governance model accordingly. The aim of the project is to improve the administrative efficiency, reducing the burden of statutory and fiscal obligations to be met. The merger will also allow to achieve significant benefits thanks to faster decision-making processes.

“We will continue to operate with our long-standing Italian brands”, stated Marco Nocivelli, Chairman and Managing Director of Epta S.p.A. “Costan, Iarp and Misa are leaders in their respective sectors and have always been recognized for innovation, reliability, outstanding design and quality. They are among the pillars of the Group’s tradition and values. The synergies between each brand allow Epta to offer well-balanced, turn-key solutions to meet the market needs in Retail, HoReCa sector and in the Food & Beverage industry”.

For all those concerned, the merger will be effective from the date of the last registrations stipulated  as per the article 2504-bis of the Civil Code, and presumably from 31 December 2016.

The accounting and fiscal effects of the merger will be retrospectively dated to 1 January of the business year in which the legal effects of the merger were enforced (presumably from 1 January 2016).