Tamburi Investment Partners S.p.A. (BIT:TIP) entered into an agreement to acquire remaining 70.71% stake in Tipo S.P.A. on April 16, 2021. In related transactions, Tamburi Investment Partners S.p.A. entered into an agreements to acquire 14.18% of Beta Utensili S.p.A. and 41.58% of the quotas of Betaclub S.r.l. The total outlay of the transaction is approximately €134.5 million, of which approximately €1.4 million with payment deferred until the final deadline of the compensation obligations by TIPO to the buyers of iGuzzini S.p.A. After the transactions, TIP S.p.A. holds (directly and indirectly) 48.99% of Beta Utensili S.p.A. and 20% of Sant’Agata S.p.A., parent company of the Chiorino group. Transaction is expected to be completed by the end of 2021.