Equita Group S.p.A. (BIT:EQUI) signed an agreement to acquire remaining 30% stake in Equita K Finance S.R.L from Giuseppe Renato Grasso and Filippo Guicciardi for ?5.65 million on May 14, 2024.

Equita Group S.p.A. (BIT:EQUI) completed the acquisition of remaining 30% stake in Equita K Finance S.R.L from Giuseppe Renato Grasso and Filippo Guicciardi on May 23, 2024. EQUITA K Finance S.r.l. will be rebranded as EQUITA Mid Cap Advisory. EQUITA Group S.p.A. increased to 100% participation in EQUITA Mid Cap Advisory and partially exercised the authorization to increase its share capital against consideration and excluding preemptive rights. Following the capital increase, newly issued shares entitled to Giuseppe Renato Grasso and Filippo Guicciardi, co-founders and Co-CEOs of EQUITA Mid Cap Advisory. Will further strengthen the partnership among managers by entering together with the other shares already owned by the two managers since 2020 ? into the Shareholders? Agreement, the pact which has been signed by more than 30 managers of the Group, representing 35% of the share capital and 48% of voting rights.