CFT S.p.A entered into a preliminary agreement to acquire 61.7% stake in Co.Mac. S.R.L. from Marco Scudeletti, Giorgio Donadoni, Guiseppe Scudeletti and Fabio Donadoni for €25 million on July 16, 2018. Prior to the transaction, Marco Scudeletti, Giorgio Donadoni, Guiseppe Scudeletti and Fabio Donadoni each hold 25% stake in Co.Mac. CFT will acquire 15.43% stake in Co.Mac from each of the shareholders. In the financial year ended December 31, 2018, Co.Mac recorded revenues of €33.1 million, adjusted EBITDA of €6.1 million and adjusted net profit of approximately €3.9 million. Following acquisition, the Board of Directors of Co.Mac will consist mostly of members appointed by CFT, while the executive powers will remain with the selling shareholders, who will be minority members of the Board. The transaction is subject to the suspensive condition of the merger with Glenalta. Glenalta authorized the transaction. Transaction is expected to complete on September 10, 2018. CIO SIM S.p.A acted as financial advisor to Glenalta. Alessandro de Botton, Giacomo Colombo and Stefano Cova of Lombardi Molinari Segni acted as legal advisors and Niccolò Querci and Paolo Bagnasco of Brera Advisory Spa acted as financial advisors to CFT. Emanuele Cortesi, Matteo Ghilardi and Mauro Alessio of Caffi Maroncelli e Associati acted as legal advisors and Giorgio Berta and Francesca Ghezzi of Berta, Nembrini, Colombini e Associati Accounting & Auditing Arm acted as accountants to sellers. CFT S.p.A. (BIT:CFT) completed the acquisition of 61.7% stake in Co.Mac. S.R.L. from Marco Scudeletti, Giorgio Donadoni, Guiseppe Scudeletti and Fabio Donadoni on August 2, 2018.