Greenthesis S.p.A. (BIT:GTH) acquired 80% stake in Emme Trasporti S.R.L. from ETHAN Group SpA on February 1, 2024. In related transaction, Greenthesis S.p.A. acquired Ecorex Srl, Euro Veneta Srl, Ecorex s.r.l. and Execo S.R.L. from ETHAN Group. Aggregately, the equity value of consideration for 80% is ?25.3 million. In the context of the binding agreements signed between the parties in reference to the Operation, it is also expected that, by June 30, 2026, Greenthesis will also purchase the remaining 20% of the share capital of the Target Companies, as well as also be able to proceed with the possible purchase of five real estate complexes instrumental to the operational activity currently used by the Target Companies themselves. Greenthesis Group was supported through resources deriving from the financing of ?50 million finalized by Greenthesis with a pool of banks financing companies.

Greenthesis S.p.A. (BIT:GTH) completed the acquisition of 80% stake in Emme Trasporti S.R.L. from ETHAN Group SpA on February 1, 2024.