Iniziative Bresciane S.p.A. (BIT:IB) announced a private placement of 747,045 common shares at a price of €21.15 per share for gross proceeds of €15,800,000 on August 11, 2020. The transaction will include participation from new investor Dolomiti Energia Holding SpA to acquire 16% stake in the company. The transaction is subject to approval of the majority shareholder of the company, Finanziaria Di Valle Camonica Spa.