• 3 min de lectura
• 3 min de lectura
During the two general shareholders' meetings of Interporto Padova Spa and Padova Hall Spa, the merger of both companies was approved under the new name Interporto Padova Hall Spa.
According to the valuation carried out by the firm BZM, the exchange ratio was set at one Interporto Padova share with a nominal value of 5 euros (USD 5.5) for 69.7735 Padova Hall shares with a nominal value of 1 euro (USD 1.1). Consequently, the new share capital of the merged company, which currently amounts to USD 51,419,400, will be USD 60,318,265.
The new stakes of the corresponding public shareholders are, respectively, the Chamber of Commerce, 36.40% (formerly 34.18%), Padua City Council, 25.20% (21.04%), and Padua Province, 15.83% (18.29%).
The merger allows for the integration and enhancement of the two strategic real estate assets, with a current total approximate value of USD 492.1 million for the area. The integration of both entities is not simply a corporate merger, but a strategic, industrial, and institutional decision, with the aim of creating a single economic operator, more economically and financially robust, capable of facing future challenges, leveraging existing synergies, and developing new operational, financial, and strategic synergies.
This project is based on industrial solidity, economic sustainability, and the valorization of local excellence, with the aim of boosting the economic activity of the entire region.
For Interporto, it represents another step in a long-term integration project, initiated years ago with the merger of Magazzini Generali, and more recently with the Consortium of the Industrial Zone of Padua.
For Padova Hall, it represents the starting point of a strategic alliance with a leading player, in order to strengthen its competitive position in the market, while ensuring the continuity of the company's historical activities, fairs and congresses, as well as the development of the exhibition center as a high-level research and innovation hub.
Luciano Greco, President of Interporto Padova Spa, highlighted that "this is another step towards a historic moment for Padua, which will lead us, in a couple of months, to the creation of Interporto Padova Hall Spa. This is a very important project that confirms Interporto's role in supporting the economic and social development of the area, enhancing its history and, at the same time, looking towards the future."
The President of Padova Hall Spa, Paolo Ferrin, stated that "this merger project represents a fundamental step that will strengthen Padova Hall's business plan. The strong synergy between public shareholders was the driving force behind this strategic decision, which allows us to face the future with greater economic and financial solidity."
"Our main objective remains the development and improvement of the exhibition center as an innovation hub, while ensuring the absolute continuity of our historical exhibition and congress activities," concluded Ferrin.
