Portale Sardegna S.p.A. (BIT:PSA) acquired 51% stake in Royal Travel Jet Sardegna Srl for €0.55 million on April 9, 2018. Pursuant to the terms of transaction, €0.1 million is payable in cash and remaining €0.45 million is payable in form of loan. Under the terms of agreement, Portale has a call option to acquire remaining 49% stake of Royal Travel within 12 months of closing. Lukas Plattner, Eleonora Sofia Parrocchetti and Cesare Saputo of NCTM Studio Legale Associato acted as legal advisors to Portale. Andrea Mannoni of Macciotta acted as advisor to the seller in the transaction. Portale Sardegna S.p.A. (BIT:PSA) completed the acquisition of 51% stake in Royal Travel Jet Sardegna Srl on April 9, 2018.