Damiani SpA (BIT:DMN) acquired 60% stake in Venini Spa from from the Chimento and Tabacchi families on January 20, 2016. The former owners will keep 40% in Venini. In 2014, Venini had revenues of €9 million and in 2014 and revenues were €10 million in 2015. Giancarlo Malerba and Giancarlo Cortese of Studio Biscozzi Nobili acted as legal advisors to Damiani. Susanna Rizzieri of Rizzieri and Bruno Savio of Studio Savio & Partners acted as legal advisors to Venini and Chimento and Tabacchi families.

Damiani SpA (BIT:DMN) completed the acquisition of 60% stake in Venini Spa from from the Chimento and Tabacchi families on January 20, 2016.