Labomar S.p.A. (BIT:LBM) acquired remaining 51.2% stake in LaBiotre S.r.l. from BioDue S.p.A. for €8.4 million on November 23, 2021. The amount was settled using Labomar's own funds and therefore without recourse to bank financing. Labomar thereby increases its overall stake in LaBiotre from 48.8% to 100%. LaBiotre reported revenue of €6.1 million, EBITDA of €1 million and net profit of €0.426 million for the year ended December 31, 2020. Claudio De Nadai and Martina Torresan of BModel acted as financial advisors, Mia Rinetti of Pavia e Ansaldo acted as legal advisor and Michele Graziani of Consimp acted as accountant to Labomar. Gianpaolo Scandone of Gatti Pavesi Bianchi Studio Legale Associato acted as legal advisor to BioDue S.p.A.

Labomar S.p.A. (BIT:LBM) completed the acquisition of remaining 51.2% stake in LaBiotre S.r.l. from BioDue S.p.A. on November 23, 2021.