Cerinnov Group SA (ENXTPA:ALPCV) agreed to acquire CERAMIFOR - Equipamentos Industriais, Lda for €3 million on March 9, 2017. Cerinnov Group acquired 75% stake for a price of €2.3 million. The balance will be the subject of a contribution in kind submitted to the Extraordinary General Meeting of shareholders of Cerinnov to be convened on April 19, 2017. CERAMIFOR reported turnover of €3.1 million in 2016. François Le Roquais and Hadrien Séguier of Granrut acted as legal advisor to Cerinnov Group. Caiado Guerreiro acted as legal advisor in the deal and handled the Portuguese law aspects of the transaction.