en.Wedoany.com Reported - Interporto Padova Spa and Padova Hall Spa have approved the merger plan at their respective shareholders' meetings. The new entity will be renamed Interporto Padova Hall Spa.

According to BZM's valuation, the exchange ratio has been set as follows: each share of Interporto Padova with a par value of €5 ($5.5) can be exchanged for 69.7735 shares of Padova Hall with a par value of €1 ($1.1). The registered capital of the new company will increase from the current $51,419,400 to $60,318,265.

The new shareholding ratios of the public shareholders are: Chamber of Commerce 36.40% (previously 34.18%), Municipality of Padua 25.20% (previously 21.04%), and Province of Padua 15.83% (previously 18.29%).

This merger will integrate and strengthen two strategic real estate assets, currently valued at approximately $492.1 million locally. The integration of the two entities is not merely a corporate merger but a strategic, industrial, and institutional decision aimed at creating a more economically and financially robust unified operator. The project is based on industrial stability, economic sustainability, and leveraging local advantages to drive economic activity across the entire region.

For Interporto, this is another step in its long-term integration project, which began years ago with the merger with Magazzini Generali and recently included the Consorzio della Zona Industriale di Padua. For Padova Hall, this marks the starting point of a strategic alliance with a leading company, aimed at strengthening its market position while ensuring the continuity of exhibition and conference activities and developing the exhibition center into a high-level research and innovation hub.

Luciano Greco, Chairman of Interporto Padova Spa, emphasized that this is another step towards a historic moment for Padua, which will give rise to Interporto Padova Hall Spa within months, confirming Interporto's role in supporting the local economy and social development. Paolo Ferrin, Chairman of Padova Hall Spa, stated that this merger project will strengthen Padova Hall's business plan, and the strong synergies among public shareholders will enable the company to face the future with greater economic and financial stability. Ferrin concluded that the primary goal remains to develop and enhance the exhibition center as an innovation hub while ensuring the continuity of exhibition and conference activities.