FAAC S.p.A. signed a binding agreement to acquire TIBA Parking from Tene Capital, Afcon Holdings Ltd (TASE:AFHL) and others for approximately $140 million on cash free basis on December 22, 2020. Transaction will be funded in part by own means and in part by leverage. The transaction is subject to the usual closing conditions and the closing of the transaction is expected by mid-January 2021. Riccardo Roversi, Alessandro Villa, Giulia Basile, Ludovica Venafro, Davide Alesso and Carolina Scolari of Osborne Clarke italy, Epstein Rosenblum Maoz and Kegler, Brown, Hill & Ritter Co., LPA acted as legal advisors for FAAC.