(Alliance News) - Vianini Spa announced Tuesday that its board has approved the merger by incorporation of subsidiaries Domus Italia Spa and Domus Roma 15 Srl.

The transaction is aimed at achieving greater simplification of the equity chain to which the companies belong, also taking into account the fact that both Vianini and the subsidiaries operate in the real estate sector.

Vianini's stock is down 0.6 percent at EUR0.79 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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