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The new Tiscali is born, the merger with Linkem completed

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(ANSA) – CAGLIARI, JULY 22 – Tiscali Spa definitively merges with Linkem Retail Srl. This is the final phase of the complex transaction communicated at the end of 2021 by the two companies and which is based on a new industrial plan also validated by the banking world. Thanks to the merger, which will take effect from 1 August 2022, Tiscali is projected towards the future of the new industrial reality that will exploit all the potential and assets of the Tiscali Group and the Linkem Group.

The “new” Tiscali is emerging from a very delicate phase and “is now ready to offer the best connectivity solutions for families and for the business and public administration market, destined for a complete digital transformation based on fixed and mobile services. 5G and cloud “, reads a statement.

To service the merger, Tiscali will issue 104,025,497 ordinary shares to Linkem SpA, the sole shareholder of Linkem Retail, to serve the exchange ratio, for a total amount of 103,858,806 euros. “In order to bring all retail activities back to the same level, substantially at the same time as the completion of the merger, the Linkem business unit was transferred by Tiscali to the operating company Tiscali Italia SpA”, concludes the note. (HANDLE).

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Source: Ansa

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