(Alliance News) - SG Company Società Benefit Spa announced that on July 10 it signed a binding agreement to acquire a 52.5 percent stake in Knobs Srl.

The company explained that the transaction will allow the Smart Capital Spa fund to sell-after three years from its entry into the capital-all of its shares in Knobs and subscribe to a concurrent reserved capital increase by SG Company, becoming a major shareholder in the company and continuing on its path of supporting its growth and development with a long-term perspective, in line with its mission.

The closing of the transaction will take place on July 29, 2024.

Founded in 2014, Knobs is a tech company, innovative SME, specializing in web3 and blockchain solutions.

SG Co trades in the red by 1.5 percent at EUR0.27 per share.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.