MILAN ( – The Board of Directors of Elettra Investimenti has approved the merger project by incorporation into Elettra Investimenti della alea Energia, della alea Service and tholos PHP. The operation is aimed at the internal reorganisation of the Elettra Investimenti group, aimed at the simplification of the participatory structure and the pursuit of a greater management efficiency through the concentration in the incorporation of the activities currently carried out by the subsidiaries, whose corporate structure does not include third parties actively involved, directly or indirectly, in the operational management and/or not carrying out activities for which concentration in separate corporate vehicles is preferable. Upon completion of the ongoing optimization process, Elettra Investimenti will increase the number of its participations from 14 to 7.