Quantans Srl made an offer to acquire Gestimm S.r.l from K.R.Energy S.p.A. (BIT:KRE) for €1.8 million on September 28, 2012. The acquisition will take place directly through Quantans or an appointed person or company. As of December 31, 2011, Gestimm's net income was €0.62 million, against a net profit of €12,000. In addition, Quantans Srl, or the appointed person or company, agrees to purchase a non-recourse credit of a financial nature that K.R.Energy has against Gestimm, amounting to €2.81 million at a price of €1.7 million, to be paid as follows: €1.1 million at the date of transfer of the shares and €0.6 million no later than December 10, 2012, secured by a bank guarantee on first demand. The above transaction is one of the conditions to be fulfilled for the acquisition of Gestimm. The transaction is expected to close on October 24, 2012.

As of October 24, 2012, the deal has been postponed from the previous date of October 24, 2012 to December 10, 2012. On this date, the transaction will be effective through a transaction price set at €0.1 million plus the sale of a financial credit of €1.7 million to be paid as €1.1 million at the date of transfer of the shares and €0.6 million no later than December 27, 2012.


Quantans Srl completed the acquisition of Gestimm S.r.l from K.R.Energy S.p.A. (BIT:KRE) on January 7, 2013.