(Alliance News) - Servizi Italia Spa announced Monday that its board has approved the incorporation of its subsidiary Ekolav Srl.

This merger is part of a process of corporate simplification and reorganization initiated by the incorporating company with the aim of pursuing greater production synergies - in view of commercial prospects and with a view to harmonization and optimization of customer service - as well as the containment of general structural costs.

Servizi Italia's stock is down 0.6 percent at EUR1.60 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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