Tecnoinvestimenti S.p.A. (BIT:TECN) agreed to acquire 70% stake in Co.Mark Spa for €32.9 million on January 29, 2016. The purchase price will be paid in several installments, €13 million payable at closing; €12.5 million will be payable on July 31, subject to approval of FY 2015 results and remaining €7.4 million will be paid in the five years following the closing in instalments. The transaction is expected to close in March 2016.

Moreno Martini, Federico Botta and Paola Tradati of Gianni Origoni Grippo Cappelli acted as legal advisor for Tecnoinvestimenti. Fabio Ferito of Locati acted as legal advisor for Co.Mark Spa.