CogenInfra S.p.A. signed a binding agreement to acquire majority stake in Elettra Investimenti SpA (BIT:ELIN) from Bfin Spa on March 16, 2021. Under the terms, CogenInfra will pay €9.75 per share and 5 for each warrant. Maximum earnout to be paid equal to €0.85 per share and €0.85 for each warrant. After transaction Cogeninfra will launch a tender offer for remaining shares at €10.6 per share and €1.6 per warrant. The transaction is expected to be completed by April 15, 2021. Francesco Maria Aleandri and Francesco Novelli of DLA Piper Group acted as legal advisor to CogenInfra S.p.A. Alberto Vigo of DC Advisory Italy acted as financial advisor to Bfin Spa.