Aeffe S.p.A. (BIT:AEF) acquired remaining 30% stake in Moschino S.p.A. from Sinv Lab S.r.l., Sinv Holding S.p.A and Sinv Real Estate Spa for €66.6 million on July 28, 2021. Aeffe S.p.A. paid €30 million at the same time as the transfer of the shares, while the remining amount of €36.571 million will be paid by November 30, 2021. Aeffe will use cash on hand for €12 million, existing credit lines for €18 million and new medium / long-term loanLOSs for €36.571 million. In 2020, Moschino reported revenues of €63.2 million and shareholder's equity of €109 million. Orsingher Ortu Avvocati Associati acted as legal advisor to Aeffe S.p.A. Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) acted as financial advisor to Aeffe S.p.A. CLA consulting acted as accountant to Aeffe S.p.A. Alessandro Piermanni of DLA Piper Italy LLP and Paolo Tanoni of Studio Legale Tributario acted as legal advisors to Sinv Lab S.r.l., Sinv Holding S.p.A and Sinv Real Estate Spa. Deloitte Financial Advisory S.r.l acted as fairness opinion provider for Aeffe. Aeffe S.p.A. (BIT:AEF) completed the acquisition of remaining 30% stake in Moschino S.p.A. from Sinv Lab S.r.l., Sinv Holding S.p.A and Sinv Real Estate Spa on July 28, 2021.