Streamlining of Isagro controlling structure completed

Isagro S.p.A. informs that on December 10th, 2014 the deed of merger by incorporation of Manisa S.r.l. and Holdisa S.r.l. into BasJes Holding S.r.l., whose civil law effects are effective as from the same date, was filed at the Milan Register of Companies.

BasJes Holding S.r.l, which now directly controls 53.7% of Isagro voting rights, was contextually renamed Holdisa S.r.l.; Piemme S.r.l. continues to be the Controlling Subject.

Thus, the strategic and financial strengthening process started in July 2013, which envisaged (i) the entry of the industrial minority partner Gowan in the controlling structure of the Group, (ii) the capital increase of around 30 million Euro, also by means of the new Growth Shares, and (iii) the simplification and shortening of Isagro’s controlling structure, was eventually fully realized.

“The completion of this process”, Giorgio Basile, President and CEO of Isagro S.p.A., commented, “strengthens our relaunch and growth project, started in 2012 and communicated to the Market through the 2014-2018 Business Plan”.