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February 25, 1999


By CBR Staff Writer

Opengate SpA, the recently-formed Italian hardware and software distributor, has received permission from its shareholders to seek a listing on an Italian stock market, with Milan, the largest, as the most likely candidate. The company is the product of a five-way merger of smaller distributors and a PC assembler that took place earlier this month (CI No 3602). The shareholders at the meeting also authorized a name change from Deltagroup to Opengate and granted permission for an issue of some 13 million new shares at a nominal value of 1,000 lira ($0.57) each. The company plans to use the funds raised to finance expansion, both within Italy and abroad.

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