Brief: ASM GROUP two Italian units to merge

ASM SA

17/10/2016 11:05

Oct 17 (Reuters) - ASM GROUP SA  ASMG.WA : 
    * Said on Friday that it plans to merge its two units, TRADE 
SpA and Promotion Intrade S.r.L, operating in Italy  
    * Under the plan, Promotion Intrade S.r.L will be merged 
into TRADE S.p.A. without a capital increase 
    * TRADE S.p.A. holds 100 pct in Promotion Intrade S.r.L  
    * Its management said that the merger would simplify the 
company's capital structure and reduce costs 
 
     
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