Servizi Italia S.p.A. (BIT:SRI) signed an agreement to acquire 90% stake in Wash Service Srl on January 28, 2019. Under the terms of the transaction, Servizi Italia S.p.A. agreed to acquire 90% stake in in first phase, while the remaining 10% will be with sellers. In second phase, Servizi Italia S.p.A. have an option to acquire further 10% through put and call option in next five years from the closing of this transaction. The price for the purchase of 90% of Wash Service is expected to be set in the first quarter of 2019. Acquisition will be financed through bank debt and the price will be paid in several tranches between 2019 and 2022. The completion of the transaction required some conditions, (including, in particular, the approval of the 2018 financial statements and the completion of some interventions in the production sites). The closing of the Transaction is expected by the end of the first quarter of 2019. Lambertini & Associati acted as legal advisor and AURORA AUDIT acted as accountant for Servizi Italia S.p.A.