Palladio Finanziaria S.p.A agreed the binding offer to acquire a 92% stake in Cimos d.d from Slovenia (Republic of), Abanka Vipa, d.d., SID - Slovenska izvozna in razvojna banka, d.d., Bank Asset Management Company and others for €110 million on July 14, 2016. The deal is subject to receipt of regulatory approval. The agreement is expected to be signed by September 9, 2016. The transaction is expected to be completed in the first quarter of 2017.