Aquila Part Prod Com S.A. (BVB:AQ) signed preliminary transaction agreement to acquire Parmafood Trading SRL and Parmafood Group Distribution SRL for ?16.5 million on January 10, 2024. The agreed payment method consists of paying 80% of the total amount upon closing the transaction and 10% after 1 year, respectively 2 years from the closing of the transaction. The price will be paid from the Company's own sources.

The transaction was approved by the Board of Directors on 10.01.2024, after completing the due diligence process. The transaction will take place subject to obtaining the necessary approvals from the Competition Council, the Commission for the Examination of Foreign Direct Investments, and after the prior approval of the main terms and conditions by AQUILA?s Extraordinary General Shareholders Meeting.