Elba Assicurazioni to go public via merger with REVO in a $190m deal.

Elba Assicurazioni, an insurance company in Milan, Italy, agreed to go public via merger with REVO, a special purpose acquisition company, in a $190m deal. "Elba represents the ideal target for the launch and future development of the project, being in one of the business lines to be developed by REVO. When selecting the target, REVO highly valued the profitability and financial solidity of the Company, which has shown consistent growth regarding the economic and financial results over the last few years," REVO.