(Alliance News) - Unidata Spa on Monday announced that its board of directors has approved the merger by incorporation into the company of the following wholly owned subsidiaries, either directly or indirectly controlled by it: UNITWT Spa, Berenix Srl and TWT Spa.

Unidata on Monday closed 1.6 percent in the red at EUR37.60 per share.

By Claudia Cavaliere, Alliance News reporter

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