NB Aurora S.A. SICAF-RAIF (BIT:NBA) signed binding contract to acquire 47% stake in Farmo S.p.a. from founding family on July 30, 2021. The transaction will be funded from own means of NB Aurora S.A. SICAF-RAIF. The remaining 53% stake will remain in the hands of the founding family which sees Remo Giai at the helm as president and his son Andrea Giai Ad. In 2020 Farmo S.p.a achieved revenues of approximately €20 million. Farmo's shareholders were assisted by Vitale & Co as financial advisor, by Studio Lca for the legal aspects and by Studio Deiure for the fiscal part. Nb Aurora was assisted by Gatti Pavesi Bianchi Ludovici as legal, Boston Consulting Group as business advisor, Grant Thornton as tax and accounting advisor and Altis Universita 'Cattolica also provided advise to NB Aurora S.A.

NB Aurora S.A. SICAF-RAIF (BIT:NBA) completed the acquisition of 47% stake in FARMO S.p.A. from founding family for €14.7 million on September 22, 2021. The deal was sourced by €3.7 million of financing and €11.0 million of equity.