(Alliance News) - The board of directors of Servizi Italia Spa on Wednesday approved the merger by incorporation of its wholly owned subsidiary Ekolav Srl, which had already been announced last Feb. 19.

Since it is a wholly owned subsidiary of Servizi Italia, the statement said, the merger has the effect of cancelling the 100 percent shareholding in Ekolav, with the company assuming the assets of the merged company.

Servizi Italia's stock is 1.4 percent in the red at EUR1.72 per share.

By Chiara Bruschi, Alliance News reporter

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