Origin Enterprises plc (ISE:OIZ) agreed to acquire 20% stake in Ferrari Zagatto E Cia Ltda. from founders on June 19, 2018. In Separately Origin has been granted an option to purchase an additional 40% interest in Ferrari in 2020. In a related transaction Origin Enterprises plc (ISE:OIZ) entered into agreement to acquire 65% stake in Fortgreen Commercial Agricola Ltda. from founders for BRL 218 million on cash and debt free basis on June 19, 2018. The deal will be funded from existing bank facilities. The existing management team led by Ferreirinha Costa, Chief Executive of Fortgreen and Ferrari Zagatto E Cia Ltda., will remain post acquisition. The deal is subject to a number of conditions and are expected to complete during the first quarter of the 2018/2019 financial year. The transaction is expected to complete during the first half of 2019 financial year. The deal is expected to complete in the second half of 2019 Financial year. The transaction will be earnings enhancing in the first year of ownership. Anthony Farrell of Davy acted as financial advisor, Stuart Skinner of Numis Securities acted as stockbroker to Origin. Demarest Advogados acted as legal advisor to Origin Enterprises plc. IGC Partners acted as the financial advisor to Ferrari Zagatto. Origin Enterprises plc (ISE:OIZ) completed the acquisition of 20% stake in Ferrari Zagatto E Cia Ltda. from founders on June 12, 2019.