MASI Agricola S.p.A. (BIT:MASI) acquired 60% stake in Canevel Spumanti Spa, Società Agricola Canevel and Canevel Spumanti Tenuta Le Vigne from Carlo Caramel, Tatiana Milanese, Silvia Caramel, Roberto De Lucchi and Roberto Covre for approximately €7 million on September 27, 2016. Upon completion of the transaction Carlo Caramel, son of the founder Mario, owns 40% of the capital of the three companies and is appointed Chairman of Board of Directors. Lukas Plattner and Eleonora Parrocchetti of NCTM Studio Legale Associato and Studio Legale Albertini avv Andrea acted as legal advisors, Ambromobiliare S.p.A. (BIT:AMB) acted as a financial advisor, Feltrinelli & Brogi acted as trademarks advisor and Ernst & Young Legal acted as a legal advisor to MASI Agricola. Laghi Leo Spangaro acted as legal advisor, Lucio Bevilacqua acted as fiscal advisor and Pro.Dev.In. S.r.l. – Studio NEC acted as financial advisor to seller. Luca Manzato and Adriana Liguor of Close to Media acted as PR advisor in the transaction. Roberto Borsato of Equita SIM S.p.A. acted as financial advisor to MASI. Avvocati Associati Feltrinelli & Brogi acted as brand consultant to MASI. MASI Agricola S.p.A. (BIT:MASI) completed the acquisition of 60% stake in Canevel Spumanti Spa, Società Agricola Canevel and Canevel Spumanti Tenuta Le Vigne from Carlo Caramel, Tatiana Milanese, Silvia Caramel, Roberto De Lucchi and Roberto Covre on September 27, 2016.