Elba Assicurazioni SpA agreed to acquire REVO S.p.A. (BIT:REVO) in a reverse merger transaction on July 28, 2022. The merger will entail the change of the name of Elba Assicurazioni to Revo Insurance. The transaction has been approved by regulatory approval IVASS. The transaction is expected to be closed in Q4, 2022. As of November 15, 2022, the merger will take effect from Monday November 21, 2022. Gatti Pavesi Bianchi Ludovici assisted as legal and tax advisor to Elba Assicurazioni S.p.A. and REVO.

Elba Assicurazioni SpA completed the acquisition of REVO S.p.A. in a reverse merger transaction on November 21, 2022.