Banca Zarattini & Co. SA signed an agreement to acquire Banca Intermobiliare di Investimenti e Gestioni (Suisse) S.A. from Banca Intermobiliare di Investimenti e Gestioni SpA (BIT:BIM) for CHF 40.4 million on July 31, 2017. The execution of the transaction is subject to the fulfillment of certain conditions, including the authorization by the Swiss Supervisory Authority. Alessandro De Nicola, Paola Barometro and Sira Franzini of Orrick and Leila Hawa of Des Gouttes acted as legal advisor and Alessandro Fustinoni of Rothschild acted as financial advisor to Banca Intermobiliare di Investimenti e Gestioni. Bma Brunoni Mottis acted as legal advisor and studio Renne acted as financial advisor to Banca Zarattini. Banca Zarattini & Co. SA completed the acquisition of Banca Intermobiliare di Investimenti e Gestioni (Suisse) S.A. from Banca Intermobiliare di Investimenti e Gestioni SpA (BIT:BIM) on October 18, 2017. transaction was duly authorized by the Swiss Supervisory Authority.