STEF SA (ENXTPA:STF) agreed to acquire Five Sites of Nagel-Group SE & Co. KG in Italy, Belgium and Netherlands on November 12, 2020. Following this transaction, STEF Group and Nagel-Group will enter into distribution agreements – to enable Nagel-Group to make use, for its operations in Italy, Belgium and the Netherlands, of the distribution network of STEF Group and to enable STEF Group to offer its customers in these countries improved distribution services in Germany and Central/Northern Europe. The transaction is subject to approval by the German competition authority. The transaction has been approved by German competition authority for Italy and Belgium sites. The transaction is still subjected to approval for Netherlands site and will be concluded later in 2021. Completion of the transaction is envisaged in January 2021.