Engineering Ingegneria Informatica S.p.A. launched a mandatory tender offer to acquire remaining approximately 43.487% stake in Be Shaping The Future S.p.A. (BIT:BEST) for approximately €200 million on September 26, 2022. The offeror will pay a consideration of €3.45 cash per share for 58,662,796 BE shares. Prior to this transaction, offeror held 69,077,016 BE shares representing approximately 54% of the share capital and upon closing will own 100% stake in it. The consideration will be financed from financial resources by means of recourse to financial indebtedness from a pool of lending banks. The offer is not subject to any conditions precedent. As of November 16, 2022, the transaction has been approved by CONSOB. As of December 13, 2022, the transaction has received the approval of Romanian Competition Council. The BE Shares tendered to the offer must be freely transferable to the offeror and free of liens and encumbrances of any kind and nature, whether in rem, obligatory and personal. Upon acquisition of 95% stake, offeror will have squeeze-out right over the remaining outstanding BE shares at same offered price per share. As of December 16, 2022 Engineering Ingegneria Informatica S.p.A. exceeded 91.591% of the total shares. The offer period will start on November 23, 2022 and will end on December 16, 2022.

Equita SIM S.p.A. acted as financial advisor and by Gatti Pavesi Bianchi Ludovici, Kirkland & Ellis and Gattai, Minoli e Associati acted as legal advisors of offeror.