Casta Diva Group S.p.A. (BIT:CDG) signed an agreement to acquire Akita Film Srl ?8.3 million on November 7, 2023. The sales contract provides for the purchase of 99% of the capital of Akita for ?8.3 million and the subsequent purchase of the remaining 1% by June 2024 for the symbolic amount of ?1. The partners of Akita, Paolo Zaninello and Davide Rizzi will continue to lead Akita with the role of Administrators with Delegations. Fabio Nesi, currently a partner of CDG and CEO of Casta Diva Pictures Srl, will also become Chairman of the Board of Directors of Akita, which will maintain its name, logo and autonomous corporate structure, under the control of CDG.

Casta Diva has drawn on its cash resources to cope with the operation, without resorting to bank debt or other sources. For FY ended 2022, Akita developed a Production Value of over ?14.7 million with Ebitda of ?2.8 million, equal to 19% of the Production Value and a Net Profit of ?2.2 million. Casta Diva relied on the assistance of Pirola Pennuto Zei & Associati with Francesca de Fraja for the contractual and due diligence aspects, of ADVANT-Nctm with Lukas Plattner for the compliance aspects, of Studio Amministrativo Tributario Societa A Responsabilita Limitata Semplificata with Barbara Mantovani served as accountant to Casta Diva Group S.p.A. (BIT:CDG) .Zaninello and Rizzi were assisted by Proxima Advisory with partners Mara Sartori and Gabriele Gualeni for the contractual and fiscal aspects.

The deed of sale was stipulated by notary Susanna Schneider of Studio ZNR with the assistance of lawyer Alessandro Franzini, ADVANT Nctm acted as legal advisor to Casta Diva Group S.p.A. (BIT:CDG)