Kinexia SpA (BIT:KNX) signed a deal to acquire 32.7% stake in Gruppo Waste Italia S.p.A. from Synergo SGR SpA for €35.2 million on June 17, 2014. At the closing of the acquisition, Synergo will subscribe to 12.4 million new-issue shares at Kinexia in a reserved capital increase for €28.9 million and will subscribe a bond convertible into new-issue Kinexia stock for the remaining €6.1 million. The closing of the transaction is expected by September 2014.

Kinexia SpA (BIT:KNX) completed the acquisition of 32.7% stake in Gruppo Waste Italia S.p.A. from Synergo SGR SpA on August 17, 2014.