Examples of Merging company in a sentence
In determining the income of the Merging company, the surplus or deficit recorded in the financial statements as a result of the Share Swap Ratio was not taken into consideration, and the higher values entered in the financial statements as a result of the allocation of the deficit, if any, to the Merged company’s equity items, are not taxable towards the Merging company and are not fiscally acknowledged.
Specifically, in terms of the Merged company, the transfer of the latter’s equity to the Merging company does not originate capital gains or capital losses hidden in the transferred assets or liabilities.
Symmetrically, the assets received by the Merging company are taken on by the latter at the same fiscal value at which they were recorded by the Merged company (continuity principle of “recognized fiscal values”).
Merging company: Banca IFIS S.p.A. (hereinafter also referred to as “Merging Company” or “Banca IFIS”): Registered office in Mestre (VE), Via Terraglio 63, share capital € 53,811,095.00, Tax Code and Company Registration Venice 02505630109, Bank of Italy's Register of Banks 5508.
Merging company:- PRADA S.p.A., with registered office in Milan, Via A.