MILANO ( – The Board of Directors of GPI have approved the merger by incorporation of eight subsidiaries into the parent company, since there were no requests to submit the decision of these operations to the extraordinary meeting of GPI. Of two controlled subsidiaries (one at 90% and the other at 51%) the minorities were purchased for a total equivalent of about 11.000 euro, a prerequisite for incorporation into the parent company. The objective declared by the company is to streamline the corporate structure, “by creating a simplification of the administration and management, and by creating the basis for better economic and operational synergies at a consolidated level”. From the effective date of the mergers with third parties the operations of the merged companies will be reflected in the GPI financial statements.