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Trace Group merges Chimcolor intro Infra Commerce (NEUTRAL)

The BoD of Trace Group Hold announced preliminary approval for the reorganization of two of its subsidiaries. Chimcolour, 100% owned by Infra Commerce, will merge into the latter, seizing to exist. Chimcolour was previously owned by the majority owner of Trace and was acquired by Infra Commerce in April for an undisclosed amount.

Source: Trace Group Hold; FFBH

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