A group of investors signed a binding agreement to acquire an stake of 16.7% in Cdr Advance Capital S.p.A. (BIT:CDR) from S & B Invest Srl on February 24, 2017. Under this transaction, S & B Invest Srl will sell 2 million shares. None of the investors in the acquiring group will hold more than 5% stake in the share capital being acquired. The transaction is expected to complete by March 31, 2017. A group of investors cancelled the acquisition of 16.7% in CdR Advance Capital S.p.A. (BIT:CDR) from S & B Invest Srl on February 24, 2018.