IVS Group S.A. (BIT:IVS) acquired the remaining 50% stake in Time Vending S.R.L. from Chef Express S.p.A. in a transaction valued at ?7.2 million on December 29, 2023. Upon completion, IVS Group will hold a 100% stake in Time Vending.

IVS Group S.A. (BIT:IVS) completed the acquisition of the remaining 50% stake in Time Vending S.R.L. from Chef Express S.p.A. on December 29, 2023. Under the terms of agreement, the final consideration transferred for the newly purchased 50% is equal to EUR 7,385 thousand paid with the transfer to Chef Express of 1,309,397 IVS Group?s treasury shares.