Diversa S.A. (ATSE:ORAORA) signed memorandum of understanding to acquire 70% stake in Wool Industry Tria Alfa S.A. (ATSE:AAAK) on July 21, 2020. Diversa S.A. will also acquire 24.48% premium shares of Wool Industry Tria Alfa S.A. Transaction will be financed by share capital increase of Diversa of upto €10.5 million. The agreement is valid until December 31, 2020.