CVA EOS S.r.l. signed an agreement to acquire 60% stake in Renergetica S.p.A. (BIT:RNG) from Exacto Societa' Per Azioni for ?49.2 million on August 4, 2023. Under the terms of agreement, CVA EOS has committed to purchase the stake from Exacto at a price per share of Euro 10.11, subject to possible downward adjustment in the event of any disallowed payments up to the closing date. Following completion of the acquisition, CVA EOS will be required to launch a full mandatory public tender offer pursuant to Renergetica's by-laws on the remaining ordinary shares of Renergetica (the ?Tender Offer?; and, together with the acquisition of the stake, the ?Transaction?). Finally, the Agreement provides that, upon closing, CVA EOS and Exacto will sign a five-year shareholders' agreement covering, among other things, corporate governance rules and limitations on the transfer of Renergetica shares, with the aim of ensuring stability in governance and corporate structure. The Transaction will be financed through recourse to the CVA Group's own financial means. Following the closing, Exacto will retain ownership of no. 1.764.038 Renergetica shares, in total representing 21.77% of the share capital, which will not be tendered to the Tender Offer.

The Transaction is subject to, in addition to the usual conditions for transactions of this nature (including obtaining of the clearance under the FDI regulations without any commitments/conditions/need to make some amendments for the execution of the Transaction), the transfer by Renergetica to Exacto of its foreign subsidiaries in Spain and the United States. It is currently expected that the Transaction may be performed by October 2023. CVA Group is assisted by PwC Strategy&, as strategic and financial advisor, as well as by Fieldfisher as legal advisor. Exacto is assisted by BNP Paribas as financial advisor, as well as by ADVANT Nctm as legal advisor.