Alevi SRL agreed to acquire 5.76% stake in Lucisano Media Group S.p.A. (BIT:LMG) from Fulvio Lucisano, Federica and Paola Lucisano for €3 million on July 4, 2017. Alevi will acquire 0.86 million shares at €3.5 per share. Alevi will acquire 0.96% from Fulvio Lucisano, 2.4% from Federica and 2.4% from Paola Lucisano in the transaction. Paola Ferrari De Benedetti joins the board of directors of Lucisano Media group as head of the docufilm documentary and new media area. Under the transaction, Alevi and the sellers have signed a three-year shareholders' agreement, pursuamt to which the shareholders are committed throughout the duration of the agreement to ensure that (i) a member of the board of directors of Lucisano Media Group, and (ii) an effective member of the board of auditors is designated by Alevi. On November 7, 2017, 0.57 million shares were transferred to Alevi for €2 million, while the remaining shares will be transferred by November 10, 2017. Stefania Lo Curto of Gianni Origoni Grippo & Partners acted as the legal advisor to Lucisano Media Group S.p.A., while Consulting Studio acted as the consultant to Alevi in the transaction.