Temistocle Srl launched a tender offer to acquire 44.89% stake in Techedge S.p.A. (BIT:EDGE) for €62.5 million on November 16, 2020. The offer per share paid to shares is €5.4. In the acquisition, Temistocle Srl will acquire 11.57 million shares of Techedge S.p.A. In a related transaction, Athena agreed to acquire 36.95% stake in Techedge SpA from Domenico Restuccia, Equilybra on November 16, 2020. The Offeror intends fund from its own funds and bank loan by Intesa Sanpaolo SpA for a maximum of €62 million. The Offer is not subject to the achievement of a minimum subscription threshold. The offer commencement will start from December 28, 2020 to January 22, 2021. BPER Banca S.p.A. (BIT:BPE) acted as financial advisor to Techedge.