Autogrill S.p.A. (Milano: AGL IM), (“Autogrill”) informs that the corporate reorganization project, approved by the Board of Directors of Autogrill on 9 November 2017, has been implemented, according to the terms detailed in the press release issued on the same date. As previously stated, the reorganization project provides for the contribution in kind, effective as of 1 January 2018, of three business units (rami d’azienda) to three different limited liability companies, whose corporate capital is wholly owned by Autogrill, namely to Autogrill Italia S.r.l., Autogrill Advanced Business Service S.r.l and GTA S.r.l. (the “Transferees”). The Transferees - effective from 1 January 2018 (the “Effective Date”) - will be converted into joint stock companies (the “Transaction”).
On the date hereof, the shareholders’ meetings of each of the Transferees resolved to increase the respective share capital for the contribution of the business units held by Autogrill and the conversion into joint stock company, as well as the adoption of new by-laws effective as from the Effective Date.