BV TECH S.p.A. made an offer to acquire the remaining 32.9% stake in Defenx Plc (AIM:DFX) from minority shareholders for £0.38 million on December 4, 2019. Under the terms of the acquisition, BV TECH will be acquiring 12,744,044 Ordinary Shares of 1.8 pence each in the capital in Defenx at a price of 3 pence per Ordinary Share. Prior to the transaction, BV TECH holds 67.1% stake in Defenx. Richard Tulloch, Stuart Faulknern and James Bellman acted as nominated and financial adviser to Defenx PLC.