Thrace Greenhouses merges with Elastron Agriculture

Thrace Greenhouses -an 100 pct subsidiary of Thrace Plastics- approved and signed a merger plan to absorb Elastron Agriculture.

Under the approved merger plan, the boards of the two merging companies decided to implement a merger plan under the articles 68-77 of the law 2190/1920 and the articles 1-5 of the law 2166/1993, while the date of balance sheet transformation was set for December 31, 2016. The merger plan needs approval by Greek competition authorities.