• Sun
  • Dec 21, 2014
  • Updated: 4:05pm

Merger delayed

PUBLISHED : Sunday, 15 October, 1995, 12:00am
UPDATED : Sunday, 15 October, 1995, 12:00am
 

THE merger of Italian holding company Gemina with Ferruzzi Finanziaria and parts of Fiat has been delayed by two months. The company's board of directors also reduced the power of the company's top two executives and removed two others.


Terms of the share swaps to create the so-called 'Super Gemina' project, which would be Italy's second largest company with sales of 38 trillion lire (about HK$184.8 billion), were supposed to be announced later this month.


Share

Related topics

For unlimited access to:

SCMP.com SCMP Tablet Edition SCMP Mobile Edition 10-year news archive
 
 

 

 
 
 
 
 

Login

SCMP.com Account

or