Phelix N.V. (ENXTAM:PLX) signed an agreement of intention to acquire Alumexx B.V. from A.S.C. bv for €5.6 million on October 24, 2017. Phelix will issue 3.7 million shares as consideration with lock-up period of two years. As part of the transaction, Phelix will change its name to Alumexx after merger and Alumexx's shares will be traded under the name Alumexx from January 2, 2018 on Euronext Amsterdam. As of December 28, 2017, shareholders of Phelix have agreed on the takeover of Alumexx.