Merger by absorption of TRANSPORTES SANTOS, S.A.U. (acquiring company) and ZOZAYA CISTERNAS, S.L.U. (acquired company).
On January 1, 2018 ZOZAYA CISTERNAS S.L is fully absorbed by TRANSPORTES SANTOS S.A.
TRANSPORTES SANTOS, S.A.U. (Absorbing Company), was constituted in a General and Extraordinary Meeting of the Board on November 17, 2017 and adopted the merger through absorption agreements of ZOZAYA CISTERNAS, S.L.U. (Absorbed Company), with extinction by dissolution without liquidation of the absorbed company and block transfer of its assets to the absorbing company TRANSPORTES SANTOS, S.A.U., which acquires by universal succession all the assets, rights and obligations of the absorbed company.
Said Merger by absorption agreement has been published in the newspaper EXPANSION and in the BORME dated November 24, 2017 and its registration in the Mercantile Registry will take place on December 29, 2017.
This merger is part of the process of strategic integration of the PANALON GROUP with the main objective of expanding the range of services for the demanding customers of the chemical business, with the maximum commitment to safety, quality and respect for the environment, seeking the greatest synergies, costs and profitability efficiencies.