Brief: Italy's CIR, Cofide approve merger

CIR - Compagnie Industriali Riunite

11/03/2019 19:45

March 11 (Reuters) - Italy's CIR-Compagnie Industriali
Riunite and Cofide Gruppo de Benedetti SpA  COFI.MI  say:
    * THEIR BOARDS APPROVE MERGER OF THE TWO COMPANIES, NEW
COMPANY TO
BE CALLED CIR
    * EXCHANGE RATIO OF MERGER SET AT 2.01 COFIDE SHARES FOR
EACH CIR
SHARE
    * COFIDE WILL CARRY OUT CAPITAL INCREASE OF UP TO 281.4
MILLION
EUROS
    * EXPECT MERGER TO BE COMPLETED BY THE END OF THIS YEAR AT
THE
LATEST

Further company coverage:  COFI.MI 

 (Reporting by Milan newsroom)