Comdata S.p.A. have entered into agreement to acquire GRUPO KONECTANET, S.L.U. for approximately €2 billion on April 6, 2022. For the year ended 2021, KONECTANET recorded close to €2 billion revenues and €300 million EBITDA. The new Group that will be based in Madrid will be chaired by José María Pacheco. Jesús Vidal Barrio CEO of Konecta and Maxime Didier CEO of Comdata will be Co-CEOs of the new Group. The transaction is subject to approval of the competent regulatory authorities. The transaction is expected to complete in Q3 2022.

Tomás Acosta, David López Pombo, and Tomás Arranz of Uría Menéndez Abogados, S.L.P. acted as legal advisor to GRUPO KONECTANET, S.L.U. Lazard Asesores Financieros, S.A. acted as financial advisor to GRUPO KONECTANET, S.L.U. JPMorgan Chase & Co. acted as a financial advisor to GRUPO KONECTANET, S.L.U. Citigroup Inc. (NYSE:C) acted as financial advisor to Comdata S.p.A. As on July 13, 2022, European Commission as approved the transaction. KPMG acted as Fiscal Adviser Rothschild & Co SCA (ENXTPA:ROTH) acted as financial advisor and Latham & Watkins LLP acted as legal advisor to Comdata S.p.A. BNP Paribas SA (ENXTPA:BNP) acted as financial advisor and Pinsent Masons acted as legal avdisor to GRUPO KONECTANET, S.L.U. Ignacio Hornedo and Paolo Nastasi of Allen & Overy LLP acted as legal advisor and Linklaters acted as Legal Adviser to Financing. Juan Hormaechea and Adolfo Zunzunegui of Allen & Overy Madrid, Livio Bossotto, Pietro Scarfone & Francesco Guelfi of Allen & Overy Milan acted as legal advisor to Intermediate Capital Group plc (LSE:ICP) and GRUPO KONECTANET, S.L.U.