The Board of Directors of Piaggio & C. S.p.A. and the Board of Directors of Piaggio’s wholly owned subsidiary Moto Guzzi S.p.A. have authorised, pursuant to art. 2505, paragraph 2, of the Italian Civil Code and the two companies’ respective by-laws, the procedure for the upstream merger of Moto Guzzi into and with Piaggio, as proposed by the Boards of Directors of the two companies on 31 July 2008.
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