Sunrise Investments S.P.A. agreed to acquire 52.84% stake in Italiaonline S.p.A. (BIT:IOL) for €5,033 on September 25, 2019. Sunrise Investments will acquire 52.84% of the outstanding Italiaonline savings shares, for a consideration of €1.4 per share. The purchase of the savings shares is conditional upon the approval by the special meeting of the Italiaonline savings shareholders called on October 2, 2019, of the mandatory conversion of Italiaonline savings shares into ordinary shares. The share sale will be settled by the ninth open market day following the day on which the condition precedent occurred. On October 2, 2019, the extraordinary shareholders' meeting approved the mandatory conversion of the outstanding savings shares of Italiaonline into ordinary shares. The supplementary offer shall end on October 8, 2019 and the sale will be carried out on October 15, 2019. 1,491 saving shares, representing 21.917% of the outstanding saving shares, have been tendered to the offer. Banca IMI S.p.A. acted as the financial advisor to Italiaonline.