Brief: Aedes To Split Different Real Estate Activities Between Two Companies

Aedes Ligure per Imprese e Costruzioni SpA

09/08/2018 07:30

Aug 9 (Reuters) - Aedes SIIQ SpA  AEDI.MI :
    * SAID ON WEDNESDAY THAT THE BOARD HAD APPROVED THE DEMERGER
PROJECT OF THE COMPANY
    * AT THE END OF THE DEMERGER, THERE WILL BE TWO COMPANIES,
BOTH
LISTED ON THE ITALIAN STOCK EXCHANGE MAIN MARKET (MTA)
    * ONE COMPANY WILL KEEP THE NAME OF AEDES SIIQ AND WILL
FOCUS ON
THE MANAGEMENT AND DEVELOPMENT OF INCOME PROPERTIES
    * THE DEMERGED COMPANY WILL ASSUME THE NAME OF RESTART WITH
THE
OBJECTIVE TO BUY REAL ESTATE TO ENHANCE THE VALUE AND RESELL
THEM
    * EXPECTS THE LISTING OF AEDES SIIQ TO BE COMPLETED BY THE
END OF
THE YEAR

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIAGxCt6
    
 Further company coverage:  AEDI.MI  
   


 (Gdynia Newsroom)
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))