Stockholm IT Ventures AB (XTRA:TRIG) agreed in principle to acquire Blockchain Trade Technologies Limited on May 29, 2017. The parties will reach an agreement within the next few days. Edward Pfeiffenberger and Edward Pfeiffenberger of Concord Capital AG acted as an advisor for Stockholm IT Ventures. Stockholm IT Ventures AB (XTRA:TRIG) completed the acquisition of Blockchain Trade Technologies Limited for €1 million on July 13, 2017. The consideration consisted of payment for 500 million shares which will be released six months from the date of the contract being signed, and will be subject to performance targets that have been agreed, which include the requirement for Blockchain to make a €1.5 million profit in that period. Tony Norman will be stepping down as Group Chief Exwcutive Officer with immediate effect.