Fine Foods & Pharmaceuticals N.T.M. S.p.A. (BIT:FF) made an offer to acquire remaining 24.94% stake in Euro Cosmetic Spa (BIT:EC) for €10.2 million on November 26, 2021. As per the transaction, Fine Foods & Pharmaceuticals N.T.M. S.p.A. made the offer to acquire 1.187 million shares at €8.60 per share. The offer period will commence from November 29, 2021 to December 17, 2021 and payment will be made on December 22, 2021. As of December 16, 2021, Fine Foods received acceptance over 90% stake.

Fine Foods & Pharmaceuticals N.T.M. S.p.A. (BIT:FF) completed the acquisition of remaining 24.94% stake in Euro Cosmetic Spa (BIT:EC) on December 17, 2021. Fine Foods will implement squeeze out.