Reway Group S.p.A. (BIT:RWY) signed an agreement to acquire 70% stake in Se.Gi. - Societa Per Azioni for ?64 million on October 16, 2023. Reway will obtain ?47 million from a pool of banks while disbursing ?64 million for 70 percent of Se.Gi.'s capital. For oepration purposes, there will also be an addition to the final price at closing by way of price adjustment, which corresponds to an amount equal to 100 percent of the actual net working capital as of the date of execution, estimated to be approximately ?47 million. With regard to the actual CCN, the payment of what is actually due to the sellers is contingent on the collection arising from specific receivables claimed by Se.Gi. and identified by mutual agreement between the parties. The total value of the transaction, taking into account the estimated final price at closing and the price adjustment, is therefore approximately EUR111 million which will be paid, with regard to the final price at closing, for ?47 million through recourse to bank financing and for ?17 million through own resources, using in part the proceeds from the listing that took place in March. Integrae SIM S.p.A. acted as Financial advisor to Reway Group S.p.A. Gianluigi Serafini, Attorneys Silvia Frattesi and Anna Maria Mazzoni of Lexjus acted as Legal advisor to Reway Group S.p.A. Riccardo Bolla and senior Stefano Roncagliolo of Baker Tilly Consulaudit S.p.A. acted as accountant to Reway Group S.p.A. Rsm Societa' Di Revisione E Organizzazione Contabile SPA acted as accountant to Reway Group S.p.A. Rsm Societa' Di Revisione E Organizzazione Contabile SPA provides Financial due diligence to Reway Group S.p.A.

Reway Group S.p.A. (BIT:RWY) completed the acquisition of 70% stake in Se.Gi. - Societa Per Azioni for ?63 million on November 21, 2023.