{"id":2626,"date":"2020-09-25T06:54:31","date_gmt":"2020-09-25T06:54:31","guid":{"rendered":"https:\/\/www.revalo.it\/?page_id=2626"},"modified":"2026-02-03T10:06:27","modified_gmt":"2026-02-03T10:06:27","slug":"governance-management","status":"publish","type":"page","link":"https:\/\/www.revalo.it\/en\/governance-management\/","title":{"rendered":"Governance\/Management"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row thb_full_width=&#8221;true&#8221; thb_row_padding=&#8221;true&#8221; thb_column_padding=&#8221;true&#8221; css=&#8221;.vc_custom_1770113183820{padding-top: 10vh !important;padding-bottom: 18vh !important;background: #f2f3f6 url(https:\/\/www.revalo.it\/wp-content\/uploads\/2020\/06\/revalo-slide-home3-1.jpg?id=2243) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;][vc_column thb_color=&#8221;thb-light-column&#8221;][vc_row_inner][vc_column_inner thb_color=&#8221;thb-light-column&#8221; css=&#8221;.vc_custom_1591713271763{padding-top: 20vh !important;padding-bottom: 20vh !important;}&#8221; offset=&#8221;vc_col-lg-7 vc_col-md-9&#8243;][vc_empty_space mobile_height=&#8221;30px&#8221; height=&#8221;80px&#8221;][vc_column_text animation=&#8221;animation bottom-to-top&#8221;]\n<h2 style=\"text-align: left;\">A new governance that comes from the experience of a management who has been able to guide the change in property management in the light of efficiency<br \/>\nand technology.<\/h2>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_empty_space mobile_height=&#8221;70px&#8221; height=&#8221;70px&#8221;][vc_column_text animation=&#8221;animation bottom-to-top&#8221;]\n<h4><span style=\"color: #051d4d;\"><strong>Revalo is a unique example of a property management company that is now managed via a governance approach that fully applies the intuition of its CEO, David Vichi, implementing a vision of profound evolution of the property sector.<\/strong><\/span><\/h4>\n[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1592581465773{padding-bottom: 15vh !important;}&#8221;][vc_column][vc_empty_space mobile_height=&#8221;60px&#8221; height=&#8221;70px&#8221;][vc_column_text animation=&#8221;animation bottom-to-top&#8221;]\n<p style=\"text-align: left;\"><span style=\"color: #96c31e; font-size: 14px; font-weight: 600; letter-spacing: 0.1em;\">\/\/ SHAREHOLDING<\/span><\/p>\n[\/vc_column_text][vc_empty_space mobile_height=&#8221;5px&#8221; height=&#8221;5px&#8221;][vc_row_inner thb_max_width=&#8221;&#8221;][vc_column_inner width=&#8221;1\/2&#8243; animation=&#8221;animation scale&#8221;][vc_column_text el_class=&#8221;txt-toplife&#8221;]\n<h5><span style=\"color: #051d4d;\"><strong>Elaia S.p.A.<\/strong>, a company specialised in the selection of investments with high return and growth potential, acquired a shareholding in Revalo with the role of financial investor, thus guaranteeing the necessary support to contribute to developing the company&#8217;s new growth plans.<\/span><\/h5>\n[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243; animation=&#8221;animation scale&#8221;][vc_column_text animation=&#8221;animation bottom-to-top&#8221;][\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner thb_max_width=&#8221;&#8221; css=&#8221;.vc_custom_1655366229216{padding-top: 5vh !important;}&#8221;][vc_column_inner width=&#8221;1\/2&#8243; animation=&#8221;animation scale&#8221;][vc_single_image image=&#8221;3116&#8243; img_size=&#8221;full&#8221; onclick=&#8221;custom_link&#8221; img_link_target=&#8221;_blank&#8221; css_animation=&#8221;fadeIn&#8221; el_class=&#8221;torta&#8221; link=&#8221;http:\/\/toplifeconcierge.com\/it&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243; animation=&#8221;animation scale&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1655718661163{margin-top: -90px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243;][vc_column_text el_class=&#8221;txt-toplife&#8221;]\n<h5><span style=\"color: #051d4d;\">Revalo enhances its leadership in real estate management by creating value through the offer of personal services with the acquisition of<strong> 22.22%<\/strong> of <strong><a href=\"http:\/\/toplifeconcierge.com\/it\/\" target=\"_blank\" rel=\"noopener\"><u>TopLife Concierge<\/u><\/a><\/strong>, Italian leading company for Concierge services in office and residential properties, with 5-star hotel standards.<\/span><\/h5>\n[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space mobile_height=&#8221;50px&#8221; height=&#8221;90px&#8221;][vc_row_inner thb_max_width=&#8221;&#8221;][vc_column_inner width=&#8221;3\/4&#8243;][vc_column_text animation=&#8221;animation top-to-bottom&#8221;]\n<p style=\"text-align: left;\"><span style=\"color: #96c31e; font-size: 14px; font-weight: 600; letter-spacing: 0.1em;\">\/\/ BOARD OF DIRECTORS<\/span><\/p>\n[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/4&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner thb_max_width=&#8221;&#8221;][vc_column_inner]\t<div id=\"thb-horizontal-list-762\" class=\"thb-horizontal-list  animation fade-in size2_20_80\">\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\tEdovige Catitti\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\t<strong>Chairperson<\/strong>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<style>\n\t\t\t\t\t\t\t\t<\/style>\n\t<\/div>\n\t\t<div id=\"thb-horizontal-list-940\" class=\"thb-horizontal-list  animation fade-in size2_20_80\">\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\tDavid Vichi\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\t<strong>Chief Executive Officer<\/strong>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<style>\n\t\t\t\t\t\t\t\t<\/style>\n\t<\/div>\n\t\t<div id=\"thb-horizontal-list-218\" class=\"thb-horizontal-list  animation fade-in size2_20_80\">\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\tGiovanni Barchiesi\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\t<strong>Board Member<\/strong>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<style>\n\t\t\t\t\t\t\t\t<\/style>\n\t<\/div>\n\t\t<div id=\"thb-horizontal-list-173\" class=\"thb-horizontal-list  animation fade-in size2_20_80\">\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\tGaetano Sallorenzo\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\t<strong>Board Member<\/strong>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<style>\n\t\t\t\t\t\t\t\t<\/style>\n\t<\/div>\n\t\t<div id=\"thb-horizontal-list-259\" class=\"thb-horizontal-list  animation fade-in size2_20_80\">\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\tClaudia Bonafede\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\t<strong>Board Member<\/strong>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<style>\n\t\t\t\t\t\t\t\t<\/style>\n\t<\/div>\n\t[\/vc_column_inner][\/vc_row_inner][vc_empty_space mobile_height=&#8221;60px&#8221; height=&#8221;45px&#8221;][vc_column_text animation=&#8221;animation top-to-bottom&#8221; el_class=&#8221;casper&#8221;]\n<p style=\"text-align: left;\"><span style=\"color: #96c31e; font-size: 14px; font-weight: 600; letter-spacing: 0.1em;\">\/\/ INDEPENDENT AUDITOR<\/span><\/p>\n[\/vc_column_text]\t<div id=\"thb-horizontal-list-119\" class=\"thb-horizontal-list casper animation fade-in size2_20_80\">\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\tSergio Fornari\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<style>\n\t\t\t\t\t\t\t\t<\/style>\n\t<\/div>\n\t[vc_empty_space mobile_height=&#8221;60px&#8221; height=&#8221;45px&#8221; el_class=&#8221;casper&#8221;][vc_column_text animation=&#8221;animation top-to-bottom&#8221;]\n<p style=\"text-align: left;\"><span style=\"color: #96c31e; font-size: 14px; font-weight: 600; letter-spacing: 0.1em;\">\/\/ BOARD OF AUDITORS<\/span><\/p>\n[\/vc_column_text]\t<div id=\"thb-horizontal-list-24\" class=\"thb-horizontal-list  animation fade-in size2_20_80\">\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\tEmanuela Rollino\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\t<strong>Chairperson<\/strong>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<style>\n\t\t\t\t\t\t\t\t<\/style>\n\t<\/div>\n\t\t<div id=\"thb-horizontal-list-990\" class=\"thb-horizontal-list  animation fade-in size2_20_80\">\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\tGiuseppe Cerati\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\t<strong>Statutory Auditor<\/strong>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<style>\n\t\t\t\t\t\t\t\t<\/style>\n\t<\/div>\n\t\t<div id=\"thb-horizontal-list-633\" class=\"thb-horizontal-list  animation fade-in size2_20_80\">\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\tMassimo Conti\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\t<strong>Statutory Auditor<\/strong>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<style>\n\t\t\t\t\t\t\t\t<\/style>\n\t<\/div>\n\t[vc_empty_space mobile_height=&#8221;60px&#8221; height=&#8221;45px&#8221;][vc_column_text animation=&#8221;animation top-to-bottom&#8221;]\n<p style=\"text-align: left;\"><span style=\"color: #96c31e; font-size: 14px; font-weight: 600; letter-spacing: 0.1em;\">\/\/ INDEPENDENT AUDITOR<\/span><\/p>\n[\/vc_column_text]\t<div id=\"thb-horizontal-list-133\" class=\"thb-horizontal-list  animation fade-in\">\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\tPricewaterhouseCoopers S.p.A.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<style>\n\t\t\t\t\t\t\t\t<\/style>\n\t<\/div>\n\t[vc_empty_space mobile_height=&#8221;15px&#8221; height=&#8221;45px&#8221;][\/vc_column][\/vc_row][vc_row el_class=&#8221;casper&#8221;][vc_column][vc_empty_space mobile_height=&#8221;10px&#8221; height=&#8221;10px&#8221;][vc_row_inner thb_max_width=&#8221;&#8221;][vc_column_inner width=&#8221;3\/4&#8243;][vc_column_text animation=&#8221;animation top-to-bottom&#8221;]\n<p style=\"text-align: left;\"><span style=\"color: #96c31e; font-size: 14px; font-weight: 600; letter-spacing: 0.1em;\">\/\/ MANAGEMENT<\/span><\/p>\n[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/4&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner thb_max_width=&#8221;&#8221;][vc_column_inner]\t<div id=\"thb-horizontal-list-861\" class=\"thb-horizontal-list  animation fade-in size2_20_80\">\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\tDavid Vichi\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\t<strong>CEO<\/strong>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<style>\n\t\t\t\t\t\t\t\t<\/style>\n\t<\/div>\n\t\t<div id=\"thb-horizontal-list-652\" class=\"thb-horizontal-list  animation fade-in size2_20_80\">\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\tGiovanni Barchiesi\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\t<strong>Director of Technical Management<\/strong>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<style>\n\t\t\t\t\t\t\t\t<\/style>\n\t<\/div>\n\t\t<div id=\"thb-horizontal-list-536\" class=\"thb-horizontal-list  animation fade-in size2_20_80\">\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\tMarco Carlotti\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\t<strong>Director of Property Management<\/strong>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<style>\n\t\t\t\t\t\t\t\t<\/style>\n\t<\/div>\n\t\t<div id=\"thb-horizontal-list-462\" class=\"thb-horizontal-list  animation fade-in size2_20_80\">\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\tFrancesco Iacovelli\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\t<strong>Head of Data &amp; Transaction Management<\/strong>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<style>\n\t\t\t\t\t\t\t\t<\/style>\n\t<\/div>\n\t\t<div id=\"thb-horizontal-list-562\" class=\"thb-horizontal-list  animation fade-in size2_20_80\">\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\tMarco Saieva\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\t<strong>Head of Business Development<\/strong>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<style>\n\t\t\t\t\t\t\t\t<\/style>\n\t<\/div>\n\t\t<div id=\"thb-horizontal-list-583\" class=\"thb-horizontal-list  animation fade-in size2_20_80\">\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\tMaurizio Ramogida\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"horizontal-list-cell text-left\">\n\t\t\t<strong>Head of Administration Budget &amp; Control<\/strong>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<style>\n\t\t\t\t\t\t\t\t<\/style>\n\t<\/div>\n\t[\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space mobile_height=&#8221;60px&#8221; height=&#8221;80px&#8221;][\/vc_column][\/vc_row][vc_row thb_full_width=&#8221;true&#8221; thb_row_padding=&#8221;true&#8221; thb_column_padding=&#8221;true&#8221; content_placement=&#8221;middle&#8221; css=&#8221;.vc_custom_1601018284581{margin-top: 15vh !important;padding-top: 10vh !important;padding-bottom: 10vh !important;background-color: #051e4d !important;}&#8221; el_class=&#8221;team-en&#8221;][vc_column thb_color=&#8221;thb-light-column&#8221;][vc_row_inner css=&#8221;.vc_custom_1601018316242{padding-top: 5vh !important;}&#8221;][vc_column_inner][vc_empty_space mobile_height=&#8221;35px&#8221; height=&#8221;55px&#8221;][vc_column_text animation=&#8221;animation bottom-to-top&#8221;]\n<p style=\"text-align: left;\"><span style=\"color: #96c31e; font-size: 14px; font-weight: 600; letter-spacing: 0.1em;\">\/\/ MANAGEMENT<\/span><\/p>\n[\/vc_column_text][vc_empty_space mobile_height=&#8221;25px&#8221; height=&#8221;45px&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1601018324082{padding-bottom: 10vh !important;}&#8221;][vc_column_inner el_class=&#8221;column-team-member-president&#8221;]\t<div id=\"thb-team-101\" class=\"thb-team-row team-dark\">\n\t\t<div class=\"row style1 regular-padding\" data-columns=\"large-4\" data-pagination=\"true\" data-autoplay=\"\" data-autoplay-speed=\"4000\">\n\t\t\t\t<div class=\"thb-team-member small-12 large-4 animation bottom-to-top columns member_style1 \">\n\t\t<div class=\"team-container \n\t\t\">\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"1500\" src=\"https:\/\/www.revalo.it\/wp-content\/uploads\/2020\/09\/DSF9439_Vichi_crop.jpg\" class=\"attachment-full\" alt=\"\" title=\"_DSF9439_Vichi_crop\" \/>\t\t\t\t\t\t<div class=\"team-information \n\t\t\t\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<h6 class=\"member-title\">David Vichi<\/h6>\n\t\t\t<p class=\"job-title\">Chief Executive Officer<\/p>\n\t\t\t\t\t<\/div>\n\t\t<div class=\"thb-team-member small-12 large-4 animation bottom-to-top columns member_style1 \">\n\t\t<div class=\"team-container \n\t\t\">\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"1500\" src=\"https:\/\/www.revalo.it\/wp-content\/uploads\/2020\/09\/DSF9537_Carlotti_NOLOGO-web.jpg\" class=\"attachment-full\" alt=\"\" title=\"DSF9537_Carlotti_NOLOGO-web\" \/>\t\t\t\t\t\t<div class=\"team-information \n\t\t\t\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<h6 class=\"member-title\">Marco Carlotti<\/h6>\n\t\t\t<p class=\"job-title\">Chief Operating Officer<\/p>\n\t\t\t\t\t<\/div>\n\t\t<div class=\"thb-team-member small-12 large-4 animation bottom-to-top columns member_style1 \">\n\t\t<div class=\"team-container \n\t\t\">\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"1500\" src=\"https:\/\/www.revalo.it\/wp-content\/uploads\/2020\/09\/DSF9645_Barchesi-NOLOGO-web.jpg\" class=\"attachment-full\" alt=\"\" title=\"_DSF9645_Barchesi-NOLOGO-web\" \/>\t\t\t\t\t\t<div class=\"team-information \n\t\t\t\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<h6 class=\"member-title\">Giovanni Barchiesi<\/h6>\n\t\t\t<p class=\"job-title\">Director of Technical Management<\/p>\n\t\t\t\t\t<\/div>\n\t\t<div class=\"thb-team-member small-12 large-4 animation bottom-to-top columns member_style1 \">\n\t\t<div class=\"team-container \n\t\t\">\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"1500\" src=\"https:\/\/www.revalo.it\/wp-content\/uploads\/2020\/09\/DSF9551_Iacovelli_NOLOGO-web.jpg\" class=\"attachment-full\" alt=\"\" title=\"DSF9551_Iacovelli_NOLOGO-web\" \/>\t\t\t\t\t\t<div class=\"team-information \n\t\t\t\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<h6 class=\"member-title\">Francesco Iacovelli<\/h6>\n\t\t\t<p class=\"job-title\">Head of Data &amp; 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