Agatos Srl agreed to acquire TE Wind S.A. (BIT:TEW) in a reverse merger transaction on June 29, 2016. Under the terms of the transaction, TE Wind will issue 46.38 million in stock. The combined entity will be named Agatos SpA. On November 21, 2016, TE Wind S.A. issued the correction of the merger plan with Agatos to correct previously announced share capital increase of €23.2 million to €14.7 million. Post acquisition, Agatos will hold around 72.9% stake in TE Wind, which is to be incorporated into unit TE Wind SpA. As of October 28, the transaction was approved by Board of Directors of Agatos and TE Wind S.A. Francesco Sciaudone. The transaction is expected to be completed by the end of 2016. Annalisa Pescatori and Silvia Beccio of Grimaldi acted as legal advisors in the transaction. EnVent acted as financial advisor for TE Wind S.A. Advance Sim acted as financial advisor for the shareholders of Agatos.