PLC S.p.A. (BIT:PLC) made a binding offer to acquire 51% stake in Monsson Operation Ltd from Monsson Alma SRL for €3.3 million on October 16, 2018. The binding offer was accepted and the consideration of €3.3 million will be paid in tranches, of which the latest by July 31, 2020. The offer also includes earn out mechanism related to potential EBITDA for the years 2018 and 2019. Lastly, the binding offer provides for the possibility for current shareholders to exercise a put option and for PLC to exercise a call option to purchase the 49% minority stake in Monsson Operation Ltd as of July 31, 2019. The transaction is expected to complete by the end of November 2018. Thomas Tomaiuolo, Fabio Luongo, Daniel Cevolo, Giacomo Giancaspro and Federica La Rocca of PwC TLS acted as legal advisors to PLC S.p.A. in the transaction. Andrea Arcangeli of AcAp Advisory acted as financial advisor to PLC S.p.A. Dentons acted as legal advisor to Monsson group in the transaction. KPMG Ireland, Investment Banking Arm acted as financial advisor to Monsson Operation Ltd and it's shareholders. PLC S.p.A. (BIT:PLC) completed the acquisition of 51% stake in Monsson Operation Ltd from Monsson Alma SRL on October 17, 2018..