Total Marketing Services S.A. signed a binding agreement to acquire the remaining 51% stake in Total Italia S.r.l. from ERG S.p.A. (BIT:ERG) on November 3, 2017. The terms of the transaction involve a non-competition agreement pursuant to which ERG S.p.A. undertakes, for a period of two years from the closing date, to refrain from carrying out, either directly or through affiliates, activities in competition with Total Italia S.r.l. In a related transaction, api anonima petroli italiana S.p.A. signed a binding agreement to acquire TotalErg S.p.A. from ERG S.p.A. and Total Marketing Services S.A. for approximately €380 million on November 3, 2017. As of December 13, 2017, the transaction was approved by the Italian Antitrust Authority. Giulio Maroncelli and Fabio Lenzini of DLA Piper acted as the legal advisors to ERG S.p.a and Total Marketing Services S.A in this transaction. Total Marketing Services S.A. completed the acquisition of the remaining 51% stake in Total Italia S.r.l. from ERG S.p.A. (BIT:ERG) on January 10, 2018.