Friends sets October 28 decision on merger with PMG Italia

• Friends has approved plans to absorb wholly owned PMG Italia, with a merger decision expected on October 28, 2026.
• The merger follows the acquisition of 100% of PMG in April 2026, deepening the parent’s direct involvement in sustainable mobility.
• PMG’s operations will move into the parent company to simplify the corporate structure, improve management efficiency and reduce overhead costs.
• The parent will assume PMG’s assets and liabilities, with no share exchange, cash payment or change to its share capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Friends S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 20346-28-2026_TELEBORSA.pdf), on October 19, 2026, and is solely responsible for the information contained therein.