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Article: Andean Development Corporation Announces a Plan of Merger with Consonni USA, Inc.
- Article from:
- PR Newswire
- Article date:
- April 7, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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C.E. Consonni S.A.; A Subsidiary of Consonni USA, Inc.
Establishes Manufacturing Facility in Peru
MIAMI, Feb. 29 /PRNewswire/ --
Andean Development Corporation (Nasdaq: ADCC) announced that it intends to acquire the remaining equity interest in Consonni USA, Inc. through a merger with a wholly owned subsidiary. Andean Development Corporation currently holds 55% of the outstanding capital stock of Consonni USA, Inc. and Pedro Pablo Errazuriz, Andean's Chairman of the Board, owns 22.7% of the outstanding common stock of Consonni USA, Inc.
Consonni USA, Inc. is a holding company and its main asset is 88% of Construcciones ...