Raggio di Luna SpA agreed to acquire Bastogi S.p.A. (BIT:B) in a reverse merger transaction on June 27, 2014. The exchange ratio is 2.5 ordinary newly issued Bastogi shares every 1 ordinary Raggio di Luna share. The merger was approved by the Board of Directors of Bastogi and Raggio di Luna on June 27, 2014. The transaction is subject to approval from shareholders of Raggio di Luna and of Bastogi in October 2014 and expected to close at end of 2014. Giuseppe Lombardi, David Fontana and Federico Bonetti of Lombardi Molinari Segni acted as legal advisors to Bastogi.


Raggio di Luna SpA completed the acquisition of Bastogi S.p.A. (BIT:B) in a reverse merger transaction on January 1, 2015. Bastogi S.p.A. issued approximately 101.58 million shares in the transaction.