Gruppo SIAD S.p.A. entered into an agreement to acquire remaining 51% stake in Istrabenz Plini d.o.o. from Istrabenz, holdinska druzba, d.d. for €24.2 million on June 13, 2016. The transaction will be completed as soon as all conditions precedent are met. Istrabenz shareholders approved the transaction on July 26, 2016. Gruppo SIAD S.p.A. completed the acquisition of remaining 51% stake in Istrabenz Plini d.o.o. from Istrabenz, holdinska druzba, d.d. on September 7, 2016.