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Still in [[1937]] the company, until then directly owned by Isaia Levi as a sole proprietorship, was transformed into a public limited company, which is why a new joint-stock company was founded, the [[Sapem]]. (acronym for ''Società anonima penne e matite'') to which was conferred the ownership of the ''Fabbrica italiana di penne a serbatoio Aurora''.

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