Banca Intermobiliare di Investimenti e Gestioni SpA (BIT:BIM) entered into an agreement to acquire Fante Group on April 5, 2022. The consideration will be paid 50% at closing and remaining in form of earnout. Acquirer board had approved the acquisition of Fante. Transaction is subject to certain conditions precedent, including the obtaining of the authorization from the Bank of Italy. The transaction is expected to close on June 30, 2022.

Pavesio e Associati acted as legal advisor to Banca and PricewaterhouseCoopers International Limited provide financial due diligence to Banca.