Northern Data AG (DB:NB2) signed an agreement to acquire Decentric Europe BV from Block.one for approximately €360 million on August 12, 2021. As part of consideration, Northern Data will pay approximately €200 million in cash within 12 months and approximately €170 million in new shares representing 2.3 million shares from capital increase which is approved by Northern Data. Post transaction, Block.one will hold approximately 18.2% in Northern Data.

Andreas Löhdefink, Cornelia Topf, Stephan Aubel, Jacob von Andreae, Stefan Weidert, Wolfgang Bosch, Dirk Scherp, Christina Aye, Christoph Auchter, Kevin Löffler, Felix Wrocklage, Marina Stoklasa and Aylin Hoffs of Gleiss Lutz acted as legal advisors to Northern Data AG. Thomas Krecek, Gregory Crookes, Ilse Van Gasteren, Philipp Klöckner, Nico Feuerstein, Nicolas Cookson and Dimitri Slobodenjuk of Clifford Chance acted as legal advisor to Block.one. Greenhill & Co.

Europe LLP acted as financial advisor to Northern Data AG.