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ITLA, controlled by CLN Group, and Giuseppe e F.lli Bonaiti signed a formal agreement to form a joint venture named ITLA Bonaiti, merging their Italian manufacturing activities in high-carbon steel re-rolling. ITLA will have a majority stake.
“ITLA and Giuseppe e F.lli Bonaiti announce that a formal agreement has been signed for a new joint venture set up that will merge the activities of I.T.L.A. s.r.l. with the activities of Giuseppe e F.lli Bonaiti S.p.A.”gruppocln.com
Summarized from public sources; check the original articles before acting on it.