Be Shaping The Future S.p.A. (BIT:BEST) acquired 51% stake in Crispy Bacon S.r.l for ?2.3 million on November 10, 2021. The agreement also provides for a price adjustment and an earn-out mechanism on the purchase of 51%, which will take into account the
company's effective performance respectively in 2021 and in subsequent years. The acquisition will be on a cash basis, partly funded by a credit line from a primary banking institution. The agreement provides to maximize the current management team that will continue to lead the company at least until 2028.
Be Shaping The Future S.p.A. (BIT:BEST) completed the acquisition of 51% stake in Crispy Bacon S.r.l on November 10, 2021.