Brief: EEMS Italia board to evaluate feasibility of merger with Gala

Ops Italia SpA

06/04/2017 11:43

April 6(Reuters) - EEMS Italia SpA  EEMS.MI : 
    * Board said on Wednesday that there are uncertainties about 
the feasibility, at least in the short term, of the binding 
offer of Gala Holding for the merger of EEMS and Gala  GALA.MI   
    * Board decided to request Gala Holding all of Gala's 
financial information necessary to evaluate if it is possible to 
proceed with the merger between EEMS and Gala 
    * Gala Holding owns 90 pct stake in EEMS and 85.5 pct stake 
in Gala 
    * Board acknowledges the resignation of Filippo Tortoriello 
as chairman and of Fiorenza Allegretti, Davide Croff and Adolfo 
Leonardi as board members as they are also members of the board 
of Gala 
    * Gala said on April 3 that it will file for composition 
with creditors  urn:newsml:reuters.com:*:nFWN1HB023 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA7rZ18s 
     
 Further company coverage:  EEMS.MI   
    
 
 
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