Femto Technologies S.p.A. entered into a sale and purchase agreement to acquire a 7.42% stake in Prima Industrie SpA (BIT : PRI) from Lee Sou Leung and J AND LEM Limited for €19.4 million.

Femto Technologies S.p.A. entered into a sale and purchase agreement to acquire a 7.42% stake in Prima Industrie SpA (BIT : PRI) from Lee Sou Leung and J AND LEM Limited for €19.4 million on August 17, 2022. The purchase price is €25 cash per share. As of October 31, 2022, European union commission have approved the transaction.

As of November 18, 2022, UK Secretary of State for Business, Energy and Industrial Strategy have approved the transaction. As of December 6, 2022 all conditions provided by law triggering the Offeror's launch of a mandatory public tender offer are fulfilled. The transaction is expected to close on December 6, 2022.