TRIESTE – New synergies between logistics, trade fairs and local development: Interporto Padova and Padova Hall are merging into a single company.
The shareholders’ meetings of the two entities approved the merger by incorporation project that will lead to the creation of Interporto Padova Hall Spa, with the aim of strengthening the group from an industrial, equity and financial standpoint.
The operation provides for the incorporation of Padova Hall into Interporto Padova. Based on the valuation carried out by BZM, the exchange ratio has been set at one new Interporto Padova share, with a nominal value of €5, for every 69.7735 Padova Hall shares, with a nominal value of €1. Following the merger, the share capital of the new company will rise from the current €44.9 million to €52.7 million. The composition of the public shareholding will also change: the Chamber of Commerce will rise to 36.40% of the capital, the Municipality of Padua to 25.20%, while the Province of Padua will hold 15.83%.
The integration brings with it a real estate portfolio with a current estimated value of around €430 million. The stated objective is to create a stronger entity, capable of enhancing the assets of the two companies and developing new operational, financial and strategic synergies.
For Interporto Padova, the merger represents a further step in the integration process launched in recent years with the incorporation of the Magazzini Generali and, subsequently, the Padua Industrial Zone Consortium.
For Padova Hall, on the other hand, the operation marks the start of a partnership with a larger operator, while maintaining the company’s trade fair and conference vocation and aiming to develop the exhibition district as a hub dedicated to research, innovation and business aggregation.
