Dominion Hosting Holding S.p.A. (BIT:DHH) acquired 69.15% stake in Connesi S.P.A. from Massimo Bartolini, Inarco Ammenti, Raffaele Casali and Fabbrica Multimediale S.R.L. for €5.5 million on July 28, 2022. The purchase price has been paid entirely in cash through a structured finance transaction with Intesa Sanpaolo SpA as arranger and lending bank for a total of €13.86 million. In addition, Dominion signed shareholder's agreements through which it acquired the option right to purchase an additional 18.35% of the share capital within 90 days from the approval of the financial statements for the year 2025. In 2021, Connesi reported a turnover of €5.5 million, EBITDA of €1.1 million and net profit of €0.1 million. Dominion Hosting plans to keep Connesi as an autonomous company within the group, with its own Board of Directors, management team, brands, people, and operation. Dominion Hosting will appoint a non-executive director to the Board of Connesi.

Dominion Hosting Holding S.p.A. (BIT:DHH) completed the acquisition of 69.15% stake in Connesi S.P.A. from Massimo Bartolini, Inarco Ammenti, Raffaele Casali and Fabbrica Multimediale S.R.L. on July 28, 2022.