Yesterday the boards of directors of Interporto Padova Spa, the company that manages the intermodal logistics hub of the Venetian city, and of Padova Hall Spa, the company that manages the Padua exhibition and congress centre, have approved the merger by incorporation of Padova Hall in Interporto Padova and the joint request for the appointment of a expert by the court who will have the task of establish the final exchange ratio. The new name proposal for the company will be "Interporto Padova Hall Spa".

The exchange ratio estimate made by the BZM study leads to a gap in which Interporto Padova will weigh between 82.9% and 86.3% and Padova Hall between 13.7% and 17,1%. On the basis of this gap, the new share capital of the incorporating company Interporto Padova Spa, post-merger, which today it is 44,929,355 euros, it will be between 51,628,350 euros and 53,636,985 euros.

The merger plan must be approved by the shareholders Municipality, Province and Chamber of Commerce, and, after the determination of the the exchange ratio by the court-appointed expert, shall be subject to final ratification by of the shareholders' meeting.

The two companies highlighted that the transaction of merger will allow the integration and enhancement of the two real estate assets for a total current value of approximately 430 million euros, strategic for the local area.