The Chiarva Family of the Stella Group has agreed to acquire 14.3% stake in Gamenet Group S.p.A. (BIT:GAME) from Trilantic Capital Partners IV Europe, fund of Trilantic Capital Partners LLP on July 30, 2019. Trilantic currently owns 30% stake in Gamenet and will sell 28.67% stake of the company to G Partecipazioni srl, a newco that will be 50.1% owned by TCP Lux and 49.9% owned by the Chiarva Family through its subsidiary San Luca spa. However, the sale will take place after TCP has sold a stake equal to 1.57% of Gamenet capital to unrelated third parties, thus falling below the 30% threshold and thus avoiding the newco to launch a compulsory takeover offer on the whole listed group as it is stated by the Italian law when somebody buys a stake in a listed company equal to or higher than 30%. The gaming and betting group announced yesterday the results of the first half of 2019, highlighting a “rolling” consolidated EBITDA (proforma for the GoldBet acquisition) from July 1, 2018 to June 30, 2019 of €157.7 million, with a consolidated net financial position of €397.4 millions.