aifinyo AG (MUN:EBE) signed a letter of intent to acquire Decimo GmbH from Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG (DB:EFF) for €24.5 million on June 21, 2019. aifinyo AG (MUN:EBE) entered into an agreement to acquire Decimo GmbH from Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG (DB:EFF) on November 1, 2019. Under the terms, it is intended to contribute 100% of the shares in Decimo GmbH to Elbe Finanzgruppe AG by way of a capital increase against contribution in kind by issuing new shares. All shareholders of Decimo GmbH are to become shareholders of Elbe Finanzgruppe AG. The transaction is subject to final approval of the bodies of both companies and approval by the Federal Financial Supervisory Authority. The transaction is expected to close by the beginning of the fourth quarter of 2019. On November 1, 2019, the Management Board of aifinyo AG had already passed the corresponding capital increase resolution from authorized capital. The contribution of the shares has now been notarised by the Management Board of aifinyo AG and all shareholders of Decimo GmbH. The final implementation of the merger is still subject to the condition precedent of approval by the Federal Financial Supervisory Authority and the Supervisory Board of aifinyo AG.

aifinyo AG (MUN:EBE) completed the acquisition of Decimo GmbH from Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG (DB:EFF) on January 24, 2020. As part of the acquisition, aifinyo has issued 837,562 new shares.