Epsilon Net S.A. (ATSE:EPSIL) acquired a 60% stake in Taxheaven S.A for €1.7 million on June 2, 2022. Under the terms, Epsilon acquired 540 shares out of 900 shares of Taxheaven. Consideration amount €1.176 million will be paid upon the transfer of the shares and the remaining amount € 0.504 million will be paid in two equal installments in April 2023 and 2024 respectively. The founders of the company maintain the remaining 40% stake in Taxheaven. For the year ended 2021, Taxheaven had Turnover of 1.14 million and EBITDA amounted to € 0.427 million.

Epsilon Net S.A. (ATSE:EPSIL) completed the acquisition of a 60% stake in Taxheaven S.A on June 2, 2022.