Engineering Ingegneria Informatica S.p.A. agreed to acquire 43.2% stake in Be Shaping The Future S.p.A. (BIT:BEST) from Tamburi Investment Partners S.p.A. (BIT:TIP), Achermann Carlo and Achermann Stefano for approximately €200 million on February 11, 2022. As of June 20, 2022, Engineering Ingegneria Informatica S.p.A. signed a definitive agreement to acquire 43.2% stake in Be Shaping The Future S.p.A. from Tamburi Investment Partners S.p.A., Achermann Carlo and Achermann Stefano. The Board of Directors of Be Shaping The Future S.p.A. has approved the due diligence activities for the transaction.

The transaction is subject to the authorisation of the Board of Directors of Be, obtaining finance, Final Agreements and approval of the Transaction by the competent corporate bodies of Engineering and its controlling companies, as well as the investment committees of the Bain Capital and NB Renaissance funds. The closing of the transaction is extended from May 20, 2022 to June 19, 2022. Upon the fulfillment of the regulatory and legal conditions, such as among the others antitrust and golden power, the parties will proceed to the completion of the transaction that will trigger the obligation for the Purchaser to launch a Mandatory Tender Offer over all the remaining Be shares.

As of June 20, 2022, the transaction is expected to be closed on December 31, 2022. Gianni Martoglia, Silvia Palazzetti and Rossella Pappagallo of Gatti Pavesi Bianchi Studio Legale Associato acted as legal advisors to Engineering Ingegneria Informatica S.p.A. Nathalie Brazzelli of Studio Pirola Pennuto Zei & Associati acted as legal advisor to Engineering Ingegneria Informatica S.p.A. Federico Bonetti, Edoardo Cazzato, Francesca Flego and Mario Ortu of Orsingher Ortu Avvocati Associati provided legal assistance to Tamburi Investment Partners S.p.A., Achermann Carlo and Achermann Stefano. Cristiano Caumont Caimi, Lorenzo Piccardi and Stefania Trezzini of Tremonti, Romagnoli, Piccardi e Associati provided legal assistance to Tamburi Investment Partners S.p.A., Achermann Carlo and Achermann Stefano.