(Alliance News) - Pattern Spa announced Wednesday that its subsidiary Idee Partners Srl has finalized the acquisition from Paolo Benedetti of the remaining 30 percent of the share capital of RGB Srl, a Tuscan company specializing in the production and processing of leather accessories, thus rising to 100 percent of the latter's share capital.

Idee Partners has disbursed EUR1.0 million for the remaining stake, and the transaction will also be preparatory to enabling a possible merger by incorporation of RGB into Idee Partners.

In addition, Paolo Benedetti will invest EUR500,000 to rise to 2 percent of Idee Partners through a reserved capital increase. A call option has been granted on this stake to be exercised between June 30, 2025 and June 29, 2027 by Benedetti to Pattern and Idee Holding Srl.

Pattern's stock is up 2.0 percent at EUR7.80 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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