ShowHeroes GmbH signed a binding agreement to acquire Viralize Srl from Vetrya S.p.A. (BIT:VTY) for €7.7 million on November 20, 2020. The consideration will eventually be subject to adjustment, exclusively downwards, on the basis of the value of the pfn calculated at the closing date. Part of the consideration, equal to €4.9 million, will be paid at closing, while the remaining part, for €2.8 million, will be deposited in an escrow account to guarantee the aforementioned price adjustment, the compensation obligations assumed by the company 'and compliance with further obligations of the same pursuant to the sale agreement including, in particular, specific non-competition commitments undertaken. The closing date is scheduled for December 16, 2020. ShowHeroes GmbH completed the acquisition of Viralize Srl from Vetrya S.p.A. (BIT:VTY) on December 16, 2020.