The boards of directors of Seat Pagine Gialle S.p.A. and Italiaonline S.p.A. approved the merger by incorporation plan of Italiaonline into SEAT, which has the strategic goal of the creation of the leading company in the Italian market of digital advertising for big accounts and of local marketing services for small and medium enterprises.
The transaction provides for the merger by incorporation of Italiaonline into SEAT at an exchange ratio set in No. 1,350 SEAT ordinary shares per each Italiaonline share. This represents the completion of the wider integration transaction between SEAT and Italiaonline.
Extraordinary shareholders’ meeting called to approve the merger transaction on March 8, 2016.
For all the details of the operation, please read the press release at the following link