Talea Group S.p.A. (BIT:TALEA) signed a preliminary sale and purchase agreement to acquire Business unit of Bewow S.r.l. from Riccardo Iacometti for €1.9 million on June 29, 2023. A fixed component equal to €1.1million without any adjustment, to be paid by the Company to Bewow €0.2 million upon the closing of the Transaction and (b) for the remaining part, equal to €0.9 million no later than 30 June 2024. A variable portion, by way of earn-out of €0.8 million to be paid by the Company to Bewow no later than June 30, 2025.

only in the event that the portion of the Company's 2024 turnover generated by the brands of the acquired business unit is equal to or greater than €0.3 milion. Board of Directors of Talea Group approved the acquisition. The Transaction is not subject to any conditions, is expected to take place by mid-July 2023.

Francesca Leverone and Elisa Bertoni of Pedersoli provided legal advisory to Talea.