Azerion Group N.V. (ENXTAM:AZRN) signed an agreement to acquire madvertise media GmbH from madvertise SA (ENXTPA:ALMNG) for €11.3 million on July 8, 2022. The transaction will be paid in cash for at least €4.8 million and the balance in Azerion shares, with an initial payment representing 0.384614 million shares. The acquisition is expected to close by the end of July 2022.