Enia and Irida obtained Consob approval last Thursday to publish the prospectus for the listing of the newly merged company, to be named IREN S.p.A. The company will be established by 1 July and admitted to the Italian Stock Exchange. Enia’s last day of trading was 30 June, before its listing was cancelled. On Tuesday the companies said they had completed their second and final registration with the Turin register of Companies.
Also last Thursday, Resolution announced the terms of its rights issue to raise capital for the acquisition of the AXA UK Life business, as well as further terms of the deal. The Rights issue will be launched at GBP1.50 per new share with a ratio of 17 new ordinary shares for each 30 existing ordinary share.
