CFT S.p.A (BIT:CFT) acquired 51% stake in Packaging del Sur from the executives of Packaging del Sur for €3.5 million on May 7, 2018. As part of the agreement, CFT has a purchase option over the remaining 49% that can be executed on the same economic terms. Packaging del Sur is renamed Packaging System. The multiple Ev / Ebitda adjusted for 2017 was 5.9x. Packaging del Sur revenues of €6 million in 2017 with an EBITDA of €1.25 million, a net profit of €1.2 million and a net financial debt of €0.5 million. CFO SIM acted as financial advisor and Ventura Garcés & López-Ibor Abogados acted as legal advisor for CFT. CFT S.p.A (BIT:CFT) completed the acquisition of 51% stake in Packaging del Sur from the executives of Packaging del Sur on May 7, 2018.