AX Group has announced that it has successfully merged with its subsidiary, Capua Palace Investments.

In its market statement announcing the intended merger, back in September 2022, the company said it “firmly believes that the merger is in its best commercial interests and forms part of the strategy of the AX Group of Companies to continue to further simplify its corporate structure thus rendering it more effective and efficient.

The amalgamation was completed and became effective on 30th March 2023.

AX Group has thereby succeeded to all the assets, rights, liabilities and obligations of Capua Palace Investments Limited.

Capua Palace Investments Limited, meanwhile, has ceased to exist.