Innovatec S.p.A. (BIT:INC) agreed to acquire approximately 29.59% stake in ESI S.p.A. (BIT:ESI) from Integra S.r.l. for €6.4 million on July 12, 2022. As per consideration, for the purchase of 1,430,823 shares of ESI, cash of €3.145 million per share will be paid and for the purchase of 635,922 shares of ESI, 1 million Innovatec shares will e issued in favor of Integra through a capital increase reserved. Prior to this transaction, Integra held a majority stake of 55.80% in ESI S.p.A.

Innovatec S.p.A. (BIT:INC) completed the acquisition of approximately 29.59% stake in ESI S.p.A. (BIT : ESI) from Integra S.r.l. on July 26, 2022.