E-Globe S.p.A. (BIT:EGB) signed a binding agreement to acquire Bayona Petit Tradex Consulting from Enrique Martinez Bayona and Xenia Pages Petit for ?3 million on May 2, 2024. The consideration consists of ?3 million in cash. A 98.80% sold by the shareholder Enrique Martinez Bayona and 1.20% by the shareholder Xenia Pages Petit in Bayona Petit Tradex. The deal is partially financed via Banking Lines. Bayona Petit Tradex Consulting has revenues from sales and services of ?10.3 million in 2023, a positive EBITDA of approximately ?0.5 million and a Net Financial Debt ( cash positive) of ?1.3 million The transaction is expected to be completed by June 30, 2024. Counsel Vincenzo Oliverio, a director of E-Globe,acted for E-Globe. Luca Lo Pò, Michele Cicchetti and Massimo Breviglieri of DWF Italy acted as legal advisors to E-Globe S.p.A. (BIT:EGB). Andersen Tax & Legal Iberia, S.L.P. acted as legal advisor to sellers of Bayona Petit Tradex Consulting S.L. RSM Società di Revisione e Alleanza Contabile and by RSM Spain assisted in financial and tax aspects to E-Globe.

E-Globe S.p.A. (BIT:EGB) completed the acquisition of Bayona Petit Tradex Consulting on June 25, 2024. The agreed purchase price is ?3 million, of which ?1.5 million has already been paid and two additional tranches of ?0.75 million to be paid after 12 months and 24 months, respectively, from the closing date. The shareholders' meeting of Bayona Petit Tradex Consulting, resolved to change the name of the company Bayona Petit Tradex Consulting to Climamarket Europe slu; the appointment of Emanuele Scilanga as Chairman of the Board of Directors, Enrique Martinez Bayona as Chief Executive Officer and Vincenzo Oliverio as non-executive director.