Kinexia SpA (BIT:KNX) signed an agreement to acquire Biancamano S.p.A. (BIT:BCM) from Biancamano Holding SA on August 5, 2015. It is expected that the new combined company will remain listed in stock exchange. Upon completion of the merger, after restructuring of debt of Biancamano and the reorganization of Kinexia, that will separate the renewable businesses of the companies, which is not instrumental to the integration, the shareholders of Kinexia will own approximately 2/3 of the share capital of the company post-merger and the shareholders of Biancamano the remaining 1/3 of the company post-merger. The closing of the transaction, subject to the fulfillment of the conditions precedent, is expected in the first quarter of 2016. As of March 30, 2016, transaction is subject to restructuring of Biancamano's debt and the completion by Kinexia SpA of a corporate reorganization plan and the transaction has been postponed till December 31, 2016.

Manfredi Vianini Tolomei, Laura Leonardi and Giovanni Filippo Pezzulo of Chiomenti acted as legal advisors for Kinexia. Marco Arato, Fulvio Marvulli and Mauro Cusmai of BonelliErede acted as legal advisors for Biancamano. Banca Leonardo and Ambromobiliare acted as financial advisors in the deal.